Mumbai/Bengaluru: Anthropic’s claim that its AI coding tool Claude can understand and modernise programming language Cobol sent IBM shares down 13% on Monday, its steepest single-day fall in over 25 ...

Indian IT stocks fell up to 6% after IBM's sharp decline AI tool Claude can automate COBOL code modernization COBOL's future impacts major Indian IT firms serving global banks Did our AI summary help?

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 ...

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the ...

(Bloomberg) --International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a ...

When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images What do airlines, banks, and insurance companies have in common? Besides ...

"Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows. Tools like Claude Code can automate the exploration and analysis ⁠phases that consume most of the ...

COBOL remains widely used, handling an estimated 95% of ATM transactions in the United States. Hundreds of billions of lines of COBOL code run in production daily, powering critical systems in finance ...

Anthropic, a smaller rival started by OpenAI defectors, has found runaway success with its programming agent, Claude Code.

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...

A strange thing happened in enterprise tech over last week. A 67 year old programming language briefly took centre stage in the global AI economy, and a 115 year old company took a market hit that ...