Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...

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 ...

COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL ...

A recent blog post from Anthropic, a large AI company in the U.S., signals that the tech can help governments "modernize" ...

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

Shares sank as much as 13 per cent, their biggest intraday drop since March 2020. With the decline, the stock is now down 26 ...

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

News: COBOL is back in the AI era. Anthropic’s claim jolts IBM, Nasscom reframes tech debt as a $1.6T services prize, and ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...