Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services business. IBM responded by stressing the resilience, security and integration ...

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

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.

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

Big Blue has been saying this itself since 2013 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 ...

Detailed price information for Intl Business Machines (IBM-N) from The Globe and Mail including charting and trades.

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...