Anthropic launches AI tool to modernize COBOL, IBM stock tanks
Shares of competitor IBM dropper by 13% today
Gen AI provider Anthropic today launched a tool that helps financial institutions modernize their archaic coding language COBOL. AI code translation directly competes with IBM‘s legacy modernization consulting. IBM’s stock had dropped by 13% to $222 at at the end of trading today following Anthropic’s announcement. As legacy systems built on COBOL continue to underpin […]
