Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...

International Business Machines (NYSE: IBM) is traded at $229.32 as of February 24, 2026, while the average analyst price ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

COBOL is a computer language used for business data processing and IBM is a leader in that area.

He declared that “AI disruption risk has finally entered the IBM debate,” noting that shares had previously been spared 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 Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows.

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Artificial intelligence company Anthropic announced that its Claude platform can streamline COBOL code, a key profit center ...