How a blog post about a 67-year-old programming language rattled IBM

Is Claude Code coming for Big Blue? Plus, Boom Supersonic leaves Greensboro site unclear and Duke ups minimum wage in this ...

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

Short for Common Business-Oriented Language, COBOL is a dominant code system developed in the late 1950s often used in business data processing, such as payment processing and retail transaction ...
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IBM shares plunge 13% as Anthropic’s Claude AI threatens COBOL mainframe business

IBM shares plunged up to 13% after Anthropic said its Claude Code tool can help modernize COBOL systems, raising concerns about disruption to IBM’s mainframe business. The stock is now down 26% in ...
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IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

IBM stock falls after Anthropic says AI can now modernize old software

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.