minus-squarePeereboominc@piefed.socialtoTechnology@piefed.social•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 countinglinkfedilinkEnglisharrow-up6·21 days agoWeird that this let’s the stock drop since IBM has its own AI that can convert COBOL to Java(?). And while the drop is big, also look at the price last year. It is around the same price as it was in August 2025. linkfedilink
Weird that this let’s the stock drop since IBM has its own AI that can convert COBOL to Java(?).
And while the drop is big, also look at the price last year. It is around the same price as it was in August 2025.