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 ...

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 ...

IBM's Anthropic-induced sell-off overlooks the fact it's disrupting itself: Jefferies

IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.

Anthropic Vs. IBM: AI Starts To Threaten Businesses (Rating Downgrade)

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

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 ...

IBM falls most in 25 years on AI threat fears: Analysts say it’s a buy

Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...

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.
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This 'Outdated' IBM Technology Just Did Something It Hasn't Done in 20 Years

IBM's mainframe systems are still widely used due to their reliability and security. IBM's latest mainframes feature powerful AI acceleration, enabling real-time AI inference workloads. IBM expects ...
CIO Dive

IBM enjoys a mainframe sales boost as its software segment soars

While software was IBM’s prime growth engine, the company’s infrastructure division also shifted into gear last year with the April launch of the z17 mainframe. The AI-capable units helped boost ...