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

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

What is COBOL, the high-level programming language that is behind biggest-ever fall in IBM stock value

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

Will software engineering profession die in the age of AI? IBM stock bleeds as Claude Code ...

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

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

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

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 ...
Securities.io

Anthropic’s Claude Code vs COBOL: IBM Investors React

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...