Anthropic touts AI for COBOL, IBM stock takes a hit

kept by eddie feb 24

Anthropic's blog post suggesting Claude Code can rewrite COBOL apps contributed to a 13% IBM stock drop, despite IBM itself promoting similar AI tools since 2023.

Ask HN: COBOL devs, how are AI coding affecting your work?
COBOL developers find AI coding tools helpful for documentation and simple tasks but not yet a threat due to legacy system complexity and compliance constraints.
also on COBOL, #mainframe, IBM, Anthropic, #ai-coding, #developer-tools
A modest proposal: Reformat everything to make documents more palatable to AI
A Linux Foundation working group proposes DocLang, an XML-based document format optimized for LLM tokenizers to reduce cost and improve accuracy in enterprise AI document processing.
also on IBM, #developer-tools
Don't let the LLM speak, just probe it. - by James Padolsey
By extracting an LLM's hidden state at the last prompt token and training a small MLP, you get a fast, calibrated classifier for any English criterion.
also on IBM, #developer-tools
SpaceX’s IPO Is the Final Frontier for Index Funds | The Intelligent Investor for June 2 - WSJ
Index providers are fast-tracking giant IPOs like SpaceX and Anthropic into major benchmarks, forcing index funds to buy heavily on day one instead of waiting for a seasoning period.
also on #stock-market, Anthropic
How to AI-Proof Your Fund Portfolio - Barron's
Barron's identifies five defensive sectors and 13 funds that can protect portfolios against overvaluation and concentration risk from the AI-driven tech rally.
also on #stock-market