Claude Code blog post: We are modernising COBOL.

The fear among investors : AI will replace humans, billing hours will drop to zero & IT companies like IBM will go to >/dev/null

The reality: High stakes systems that runs banks, airlines, govts cannot just let a "black-box AI" rewrite their core code without massive oversight, testing, and human accountability. Otherwise, everyone will lose their money/pension/ investments.

What a mess. It is like there is no common sense left in this world 😂