A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...
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 ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Add Yahoo as a preferred source to see more of our stories on Google. Following the Louisiana Office of Motor Vehicles' outage on March 20, Gov. Jeff Landry declared a State of Emergency Friday ...
The risk calculus changes completely. A rewrite built on a behavioral safety net stops looking like a single, career-defining wager and starts to resemble a controlled transition. Systems that were ...
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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 ...
News: COBOL is back in the AI era. Anthropic’s claim jolts IBM, Nasscom reframes tech debt as a $1.6T services prize, and ...
Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...
Industry leaders say Anthropic’s advances in automating COBOL code could lower migration costs and create new opportunities for IT service firms. HCLTech CEO C Vijayakumar noted modernising mainframes ...
IBM’s stock recovered a bit after its February plunge as experts highlighted AI startup Anthropic’s work on legacy COBOL code ...
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