Ethan Mollick said a company he spoke to went from a $200 million data migration plan for its old mainframe data to a $20 million plan a few months ago, and its CTO is thinking they may do it for $2 million in a couple of months (14:20). The company is not named.

The exact words it rests on

(14:18) Like I just spoke to a company, they went from a $200 million data migration plan for their old, you know, old mainframe data to they renegotiate to a $20 million plan just a few months ago, and the CTO is thinking like, well, maybe I can do this for $2 million in a couple months.

What the source said when we opened it, on 31 Oct 2026.

The source

This AI Expert Argues We Are Underestimating AI Impact — With Ethan Mollick
Big Technology Podcast (YouTube) · 2026-10-25

Open the sourcearchived copy

Checked

Checked by the notis newsroom on 31 Oct 2026, against the source above.

In the story

Mainframe migration quote fell from $200 million to $20 million, Mollick recounts 31 Oct 2026

Said aloud in a video: the quote, word for word.