Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.
Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...
Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants spending years mapping workflows.
COBOL is a computer language used for business data processing and IBM is a leader in that area.
COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...
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 slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...
New AI coding tools are accelerating legacy system modernization, raising opportunities and risks for banks, enterprises, and ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results