Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...
Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...
A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
COBOL is a computer language used for business data processing and IBM is a leader in that area.
COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...
The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...
IBM is looking to modernize Cobol applications by bridging its mainframe-oriented Cobol and WebSphere products to Enterprise JavaBeans (EJB) and service-oriented architectures. The company will unveil ...
After Anthropic introduced a tool for automating time-consuming COBOL modernization, IBM's stock plummeted over 13 percent.
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