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's ironic is, as I understand it, IBM is still barred from announcing future products, because they used to kill competitors by announcing competing products. Like, who's gonna but $widget from Daryl, Inc when they can wait a year and buy it from IBM instead? Daryl goes out of business and IBM never has to actually develop the product.