COBOL Programming Language

IBM, COBOL and Anthropic

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOL

IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows. Tools like Claude Code can automate the exploration and analysis ⁠phases that consume most of the effort in COBOL modernization,

BusinessMirror · 19h

IBM drops most since 2000 as Anthropic touts Cobol tool

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IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

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Anthropic's latest Claude Code update triggers massive IBM stock selloff, shares down 13.2% in a day

IBM stock price on Monday took a hard hit and plunged to its lowest level in nearly three decades.

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IBM posts worst drop in 25 years as AI disruption fears grip Wall Street

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Infosys Share Price Live Updates: Infosys Current Market Position

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US Stocks | IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

This sharp decline followed AI startup Anthropic's announcement that its new tool can significantly speed up the modernization of COBOL, a critical programming language used extensively in banking and...

Domain-b · 1d

IBM shares tumble as Anthropic’s AI claims on COBOL modernization unsettle investors

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IBM shares plunge 13% after Anthropic says Claude can modernise COBOL systems

IBM stock plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

1don MSN

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

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

3hon MSN

Code shock: Anthropic’s Cobol claim erases $30-billion from IBM’s market cap

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap. While IBM argues code translation isn't full modernization, the potential for AI to drastically cut costs for migrating legacy systems presents a significant opportunity for Indian IT firms.

The Next Web

Ancient programming language COBOL can make you bank, literally

You’d think a computer programming language created in 1959 would be outdated — but you’d be incredibly wrong. Most people know Java and C++, but good ol’ COBOL is still alive and kicking. In the US, around 80 percent of in-person transactions and ...