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 This is just more "AI is going to solve all of the world's problems" BS. Most of the marketing around AI is somewhere between ok and complete nonsense. I always think of this classic Tom Waits song whenever some AI hawker pulls some BS out of their ass.

https://www.youtube.com/watch?v=A2_snSkpULQ

Tom Waits- Step Right Up

YouTube