Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

Anthropic’s announcement that its updated AI tool can modernise COBOL, an old programming language that runs on IBM’s mainframes, left Big Blue’s stocks battered on Monday. Banasree Purkayastha looks ...

The market's knee-jerk reaction makes enough superficial sense. Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common ...

AI can translate COBOL code, but that's the easy part. Here's what investors missed on Feb. 23.

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

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 ...

A sharp market reaction to new AI coding capabilities has reignited debate about the future of legacy mainframe systems. While automation could dramatically speed up modernization, experts warn the ...

COBOL, which stands for Common Business-Oriented Language, is a programming language created in 1959 which is still widely used for business and financial data processing. The language was created by ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. IBM (NYSE:IBM) saw its ...

Apparently because the AI Claude Code from Anthropic can take over particularly time-consuming processes when updating source code in COBOL, IBM's share price fell by more than 13 percent on Monday.