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 ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

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: ...

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

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

Big Blue has been saying this itself since 2023 IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code ...

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, ...