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$IBM down over 10% after Anthropic launches an AI tool that converts old COBOL code to modern languages.

AI code translation directly competes with IBM's legacy modernization consulting.

>$IBM down over 10% after Anthropic launches an AI tool that converts old COBOL code to modern languages. > AI code translation directly competes with IBM's legacy modernization consulting.
[–] • 1 pt

Investors don't know shit about Cobol or what it takes to convert a legacy system into something current. They can't understand it but still make financial moves based on what little they know about technology. This is not a sign of realistic possibilities. This is a sign that jews are redistributing wealth through fear and panic. Cobol isn't going anywhere. AI is all just (((smoke and mirrors))). Don't fall for jew tricks.

[–] • 1 pt (edited )

Why would you want to convert COBOL into other languages? There is a reason why it still used.

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

Anthropic put out a paper. Not an actual product.

[–] • 0 pt

Right. I just found it funny how IBM stock went down at the slightest hint of the possibility. They probably charge an arm and a leg for those maintenance contracts.

As for COBOL, I heard it's a nice language.