Tim BrayFeb 24

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

Show threadWorikFeb 24

@timbray

> COBOL systems are so old that any viable alternative becomes immediately attractive.

A tech journalist said that. We're doomed, if we cannot build IT infrastructure that can last for decades.

Good news is we can.

Bad news is there is more profit in new crap than in maintaining the existing infrastructure

Software, generally, socks mostly for that reason. And they are laying off all the computer programmers...

Show threadSvavar the Neurospicy

@worik @timbray

These are the same people who accuse you of "device hoarding" if you don't buy a new smartphone every 2 years like a good little capitalist pawn.

Feb 24 at 8:39pmWeb