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Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting (www.tomshardware.com)

submitted 20 hours ago by Rekall_Incorporated@piefed.social to c/technology@piefed.social

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Ancient language is still the bread-and-butter of mainframe systems

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[–] rem26_art@fedia.io 35 points 19 hours ago (2 children)

Anthropic has announced COBOL-specific functionality for its Claude AI bot, and IBM's investors responded with a resounding 13% drop in stock prices.

IBM's investors really have no clue what COBOL is or why it's still in relevant, do they?

[–] CTDummy@piefed.social 11 points 17 hours ago

Yeah give me an hour or two with the documentation and I could write COBOL, look out IBM stocks! Will it be elegant or even coherent COBOL? No. Will it at least not contain heaps of in-built time bombs in the form of bugs and security flaws? Also no, but I could write it. As the other commenter said, fuck with the COBOL wizards at your own peril.

[–] PabloSexcrowbar@piefed.social 8 points 18 hours ago

Yeah all I'm hearing is "IBM stock goes on sale"