Explained | What is COBOL? How an Anthropic Claude blog wiped $30 billion off IBM in a single session

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...
Government Technology

New AI Tool Aims to Help Agencies With COBOL Problems

A recent blog post from Anthropic, a large AI company in the U.S., signals that the tech can help governments "modernize" ...

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

COBOL is a computer language used for business data processing and IBM is a leader in that area.
CIO

Anthropic’s claim that AI can quickly refactor COBOL rattles IBM investors

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 ...
Decrypt

'Judge the Code, Not the Coder': AI Agent Slams Human Developer for Gatekeeping

An AI agent got nasty after its pull request got rejected. Can open-source development survive autonomous bot contributors?

IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...