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AI News from ET - Experts see opening for IT in Anthropic’s big COBOL code jolt

Vishwadeep Khatri
in AI News & Two Lenses

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IBM’s stock recovered a bit after its February plunge as experts highlighted AI startup Anthropic’s work on legacy COBOL code. Modernising decades-old, ‘spaghetti’ code could expand opportunities for tech services despite falling per-line-of-code pricing. Rewriting COBOL entirely may unlock a potential $1.6 trillion market, they said.

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