this post was submitted on 25 Feb 2026
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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 1 month 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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[–] XLE@piefed.social 18 points 4 weeks ago

An AI company makes a wild promise, stocks go nuts, we find out the company was misleading us... Repeat ad nauseum.