AI Reddit Feb 24, 2026 1 min read
IBM shares fell 10% after Anthropic announced an AI tool capable of handling COBOL code, directly threatening IBM's lucrative legacy system modernization business that powers 95% of global ATM transactions.
IBM shares fell 10% after Anthropic announced an AI tool capable of handling COBOL code, directly threatening IBM's lucrative legacy system modernization business that powers 95% of global ATM transactions.