Anthropic showed Claude Code can modernize COBOL — mapping dependencies, documenting workflows, surfacing risks that would take analysts months.

[Gast]

Anthropic showed Claude Code can modernize COBOL — mapping dependencies, documenting workflows, surfacing risks that would take analysts months.

IBM dropped 13%. Worst single day in 25 years. Down 27% this month.

95% of ATM transactions in the US still run on COBOL.

https://www.cnbc.com/2026/02/23/ibm-is-the-latest-ai-casualty-shares-are-tanking-on-anthropic-cobol-threat.html

[monkee@other.li]

@anipotts@mastodon.social Finally AI does something good and is taking down the banking industry ​​​​