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Nandan Nilekani

Chairman at Infosys

Infosys chairman stated that AI has made the cost of rewriting legacy apps affordable and necessary.

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IBM Stock Dives After Anthropic Points Out AI Can Rewrite COBOL Fast
The RegisternewscautiousFeb 24, 2026

Anthropic's blog post highlighting Claude's ability to accelerate COBOL refactoring triggered a 13% drop in IBM stock, though IBM has offered similar AI-powered tools since 2023.

“Infosys chairman stated that AI has made the cost of rewriting legacy apps affordable and necessary.”

AI InfrastructureAI ProductsLegacy System ModernizationGenerative AI