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

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 ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.

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 ...

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common Business-Oriented Language), seemingly posing a threat to IBM's (NYSE: ...

IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

The legacy programming language that refuses to die is still powering millions of daily transactions, but the difficulties of maintaining and integrating Cobol mainframes make the case for ...

The Open Mainframe Project (OMP), an open source initiative that enables collaboration across the mainframe community to develop shared tool sets and resources, has launched a COBOL Working Group, ...