COBOL still runs on hundreds of billions of lines of code in financial systems, airlines, and government agencies. However, ...
IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.
COBOL is a computer language used for business data processing and IBM is a leader in that area.
IBM's market plunge over AI concerns drags down Indian IT stocks, raising fears about legacy COBOL modernization challenges.
IBM's stock price plummeted over 10% after Anthropic unveiled an AI tool capable of swiftly modernizing outdated COBOL computer systems.
IBM shares plunged 13.2% after Anthropic said its Claude Code can modernise COBOL, raising fresh fears of AI-led disruption.
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Anthropic says Claude can understand COBOL, IBM stock suffers worst fall in 25 years
IBM shares saw their sharpest fall in over 25 years after AI startup Anthropic said its Claude Code tool can understand and modernise COBOL, a language deeply tied to IBM's mainframe business. Here is ...
Claude Code vs ChatGPT Codex compared for performance, pricing, workflows, and privacy to find the best AI coding assistant ...
Claude Code sessions stay readable using /context audits and /compact summaries, so you can keep long tasks on track.
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