By FinAi News, AI-assisted
Publication Date: 2026-02-23 20:44:00
Gen AI provider Anthropic today launched a tool that helps financial institutions modernize their archaic coding language COBOL. AI code translation directly competes with IBM‘s legacy modernization consulting. IBM’s stock dropped by 13% to $222 at 3:50 PM EST in today’s trading session following Anthropic’s announcement. As legacy systems built on COBOL continue to underpin […]
