Will software engineering profession die in the age of AI? IBM stock bleeds as Claude Code writes COBOL scripts. What it means for techies

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...

I'm Not Convinced Anthropic's New COBOL Coding Tool Is an Actual Threat to IBM

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
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IBM stock dives after Anthropic points out AI can rewrite COBOL fast

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 ...

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

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI ...

IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t modernization

Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent ...