IBM shares dropped 13% on Feb. 23, on fears that Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business. AI can help translate legacy code, but it can't ...

International Business Machines (NYSE: IBM) shares took a 13% nosedive on Feb. 23, their worst single-day drop in over 25 years. The culprit? Fears that Anthropic's Claude Code AI would make COBOL ...

Early in the Covid-19 pandemic, the governor of New Jersey made an unusual admission: He’d run out of COBOL developers. The state’s unemployment insurance systems were written in the 60-year-old ...

Since its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing ...

The IBM campus in North Carolina. In late February, the company experienced a stock market shock it hadn’t felt in 25 years. N&O file photo Anthropic’s Claude Code post wiped about $30B off IBM’s ...

The IBM campus in North Carolina. In late February, the company experienced a stock market shock it hadn’t felt in 25 years. N&O file photo AI-generated summary reviewed by our newsroom. Read our AI ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

The market's knee-jerk reaction makes enough superficial sense. Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common ...

The stock market is reaching record highs, but since it’s being pushed there by AI-focused tech companies, there are plenty of comparisons to the dot-com bubble of late 1990s and early 2000s, when the ...