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Microsoft announces Python formulas in Excel... which have to get sent to the cloud
(techcommunity.microsoft.com)
This is a most excellent place for technology news and articles.
Very much not a thing. JIT interpreters are actually not that common. Most interpreters parse code to an AST in memory and then run execute said AST, without any compilation to machine code.
Listen to yourself the output of the compiler makes it not a compiled language. Java is a compiled language, and jvm bytecode can be compiled (see graalvm), or interpreted (and when interpreted it can be JITd)