The Brain Behind ATM Has Been Hacked by AI! Claude Code Targets COBOL, IBM Loses 13% in Value Overnight
Anthropic released the Claude Code tool, which can automate the modernization of old COBOL systems, challenging IBM's dominance and causing its stock price to drop 13.2%. COBOL, a technology from the 1950s, remains the foundation of financial, airline, and government systems worldwide.
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