IBM crashes because we’re gonna YOLO a replacement for banking and credit-card back-ends, replacing billions of lines of COBOL with vibe code. Uh…

https://www.techbuzz.ai/articles/ibm-crashes-11-as-anthropic-threatens-cobol-empire

IBM Crashes 11% as Anthropic Threatens COBOL Empire

Anthropic's AI disrupts IBM's mainframe business, sending shares down 11% on threat

@timbray

What could possibly go wrong.

I worked on those COBOL systems for much of my programming career. Made good living maintaining 60s and 70s spaghetti code (literally. the comments were all in Italian. I'm not kidding).

Having AI guessing what the code might look like should give chills to everybody who uses money.

@nlowell @timbray I see stuff like this and say to myself "nobody can be that stupid"... but then I'm frequently proven wrong.