Anthropic's new AI tool can write 67-year-old COBOL code, which sends 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting
IBM stock takes a 13% whiplash after Anthropic announces COBOL AI tooling
#hardware
https://www.tomshardware.com/tech-industry/big-tech/ibm-stock-takes-a-13-percent-whiplash-after-anthropic-announces-an-ai-tool-for-writing-cobol-code-stock-has-worst-day-since-2000-and-is-down-25-percent-mom-and-counting
@tomshardware As a retired, 15-year COBOL programmer for a Canadian bank, I can virtually guarantee any use of AI to modify existing COBOL code in any significant way will lead to disastrous results. Online COBOL code (as opposed to batch or offline code that runs overnight and produces reports) is especially brittle and easily broken when handled by an “answer-guessing bot.”