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 ...

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

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI ...

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 ...

Programming languages don't often make national headlines. But New Jersey governor Phil Murphy's plea earlier this month for developers familiar with the 60-year-old programming language Cobol to help ...

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 ...

COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems ...

Python is still the most popular programming language, but Cobol has become more popular again this year because of the strain unemployment benefits systems have been put under during US coronavirus ...

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