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 ...

International Business Machines has been helping customers build out their AI assets. IBM’s business supporting companies using COBOL suddenly became an issue due to advances in AI programming. AI is ...

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 ...

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 ...

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 ...

Garage door openers: Don’t leave home without one. Unless, of course, you don’t have a garage. These remotes can be used again and again and reprogrammed as often as you need. You can also buy ...

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

IBM’s stock experienced one of its biggest single-day drops on February 24, in over 25 years, due to market concerns about new AI tools (like Anthropic’s Claude Code) that claim they can automate the ...

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 ...