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IBM Sinks Most Since 2000 as Anthropic Touts COBOL Tool

2 points| wslh | 5 days ago |bloomberg.com

3 comments

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rwmj|5 days ago

Are investors really this dumb that they believe the main moat IBM has is COBOL? Do they understand nothing about how the companies that use mainframes work and how cautious and risk-averse they are? No one is going to vibe-code an Air Traffic Control system.