IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
Posted by InterestingCat308
IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
Posted by InterestingCat308
5 Comments
Anthropic tool is going to cause the next recession 😂
Who cares.
Grandma’s not happy today!
in 2023, IBM released watsonx, an AI product designed to enable faster translation of COBOL to Java.
IBM’s solution to COBOL disruption was to modernize the code but keep you trapped in the IBM ecosystem. watsonx converts COBOL to Java, optimized specifically for IBM Z mainframes. The moat wasn’t the COBOL expertise anymore. The moat was the hardware lock-in that survived modernization.
Anthropic just dissolved that second moat entirely. Claude Code automates the exploration and analysis phases of COBOL modernization, and migrates it to any cloud provider, not IBM’s.
Theranos