“IBM has long generated revenue from mainframe systems and consulting services tied to maintaining and upgrading those environments.
Developed in the late 1950s, it still underpins a vast share of financial infrastructure. "COBOL is everywhere. It handles an estimated 95% of ATM transactions in the U.S.," Anthropic wrote in a blog post.”
However, maintaining and rewriting those systems has been costly and time-consuming.
https://www.benzinga.com/markets/tech/26/02/50804261/ibm-stock-is-trending-after-crating-13-and-claude-maker-anthropic-is-the-reason-why-heres-what-happened
BankSith
npub1xu…c97xc
2026-02-24 08:09:38 CET
Author Public Key
npub1xuc7z6wskwqk7jj2ntyyce42gg757n4q7794dgwljpsfhpd7pzzshc97xcSeen on
wss://nostr.momPublished at
2026-02-24 08:09:38 CETEvent JSON
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"content": "“IBM has long generated revenue from mainframe systems and consulting services tied to maintaining and upgrading those environments.\n\nDeveloped in the late 1950s, it still underpins a vast share of financial infrastructure. \"COBOL is everywhere. It handles an estimated 95% of ATM transactions in the U.S.,\" Anthropic wrote in a blog post.”\n\nHowever, maintaining and rewriting those systems has been costly and time-consuming.\n\nhttps://www.benzinga.com/markets/tech/26/02/50804261/ibm-stock-is-trending-after-crating-13-and-claude-maker-anthropic-is-the-reason-why-heres-what-happened",
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