Experts see opening for IT in Anthropic’s big COBOL code jolt
Published on: Feb. 26, 2026, 6 a.m. | Source: The Economic Times
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.
