Dave Moskovitz (((❤️)))Feb 24

IBM Shares Crater 13% After Anthropic Says Claude Code Can Tackle COBOL Modernization - Slashdot
https://slashdot.org/story/26/02/23/2110221/ibm-shares-crater-13-after-anthropic-says-claude-code-can-tackle-cobol-modernization

IBM shares plunged nearly 13% on Monday after Anthropic published a blog post arguing that its Claude Code tool could automate much of the complex analysis work involved in modernizing COBOL, the decades-old programming language that still underpins an estimated 95%...

IBM Shares Crater 13% After Anthropic Says Claude Code Can Tackle COBOL Modernization - Slashdot

IBM shares plunged nearly 13% on Monday after Anthropic published a blog post arguing that its Claude Code tool could automate much of the complex analysis work involved in modernizing COBOL, the decades-old programming language that still underpins an estimated 95% of ATM transactions in the United...

Show threadRodgerFeb 24
@davemosk if only I’d known to short IBM on the strength of a blog post!
Show threaddavec 
@rodgerd @davemosk Does anyone write new COBOL systems? I’m assuming that these systems are some of the oldest code bases with huge amounts of tech debt and hard wired special cases. Turning an hallucinatory engine loose on already compromised code sounds like a really bad idea. Idk, could be wrong.
Feb 24 at 8:08amWeb
Show threadRodgerFeb 25
@zebratale @davemosk from scratch, I don’t know. But the major AuNZ banks all have COBOL code under heavy ongoing development