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 ...

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COBOL is a computer language used for business data processing and IBM is a leader in that area.

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

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

Unofficial solutions, while functional, were often brittle and prone to timeout issues. Remote Control replaces these ...

IBM shares plunged earlier this week on concerns its core mainframe business was facing competition from AI. What's next for ...

A single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market ...

IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an ...

Researchers at the University of Tuebingen, working with an international team, have developed an artificial intelligence that designs entirely new, sometimes unusual, experiments in quantum physics ...