Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business. AI can help translate ...

Whenever the topic is raised in popular media about porting a codebase written in an ‘antiquated’ programming language like Fortran or COBOL, very few people tend to object to this notion. After all, ...

The most widely adopted computer language in history, COBOL is now causing a host of problems. It's also dangerously ...

IBM ( IBM 1.45%) stock got hit hard in Monday's trading as fears that artificial-intelligence (AI) technologies could disrupt the company's common business-oriented language (COBOL) tech stack. The ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, ...

Despite the proliferation of digital banking apps, the banking industry still runs almost half its systems on a 1950s programming language, which makes it difficult for financial institutions to ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

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 ...

IBM says new AI tools do not address the ‘fundamental engineering challenge of running mission-critical workloads at scale.’ IBM charges clients to modernize their financial systems running on Cobol, ...

ATLANTA--(BUSINESS WIRE)--GT Software, the sole distributor of Fujitsu’s NetCOBOL outside of Japan, has announced two new releases for its NetCOBOL user base, namely NetCOBOL for .NET v6.0 and ...