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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.
[–] 0 pt

and, the main point is, who is going to maintain the spaghetti that is going to come out of the "conversion" ?