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

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 ...

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

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

A recent blog post from Anthropic, a large AI company in the U.S., signals that the tech can help governments "modernize" ...

COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

IBM’s stock recovered a bit after its February plunge as experts highlighted AI startup Anthropic’s work on legacy COBOL code ...

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL ...

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 ...

Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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 ...

Independent evaluation shows 94% accuracy on legacy code comprehension - 20 points ahead of GPT-4o NEW YORK, NY, UNITED ...