Experts see opening for IT in Anthropic’s big COBOL code jolt

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.