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Anthropic Disrupts Legacy COBOL Revenue Streams
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7.8
In a recent announcement, Anthropic said its AI model can understand and automate COBOL, and markets reacted by erasing about $30 billion from IBM's market capitalization in a single afternoon. The development exposes revenue risks for firms tied to legacy systems and accelerates pressure from open-source and on‑premise AI alternatives, prompting potential industry-wide migration and security implications.
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