Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows.

A single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market ...

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic ...

IBM shares plunged 13% - their worst day in 25 years - after Anthropic said Claude Code could modernise Cobol systems.

International Business Machines Corp (NYSE: IBM) shares are rebounding Tuesday morning after plunging more than 13% Monday, ...

IBM's market plunge over AI concerns drags down Indian IT stocks, raising fears about legacy COBOL modernization challenges.

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an ...