For decades, IBM built a fortress around one thing: COBOL. COBOL is a programming language from 1959. It runs the backend of most banks, insurance companies, and government systems. It's also dying. Almost no one under 50 knows how to write it. The developers who do are retiring or dead. IBM positioned itself as the essential bridge. They maintain the legacy systems. They charge corporations millions to keep ancient infrastructure running. Until Claude. Anthropic announced that Claude can now re
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