AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...
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International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...
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 ...
AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...