I know it's a fad, but isn't that the exact kind of thing that AI-enthusiasts claim ChatGPT/LlaMa/CoPilot will be capable of doing within a year or two?
You think Excel is bad, just think of the legacy those will leave behind in 20 years... Anything cloud or SaaS-related, good luck trying to dust that off down the line!
I mean, some are claiming that AI will be capable of anything. But I don't think extracting Excel formula's is currently a focus of LLM applications? Do you know of startups or other attempts at exploring this?
Power Apps are pushing into AI direction. And it does use AI to parse excel file. Moreover Power Apps on itself has PowerFx engine that uses Excel formulas for app + more.