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AI, IBM and COBOL

IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t modernization

Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform architecture, not the programming language,

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IBM stock falls after Anthropic says AI can now modernize old software

The Business Times · 1h

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise Cobol

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IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

Shares of International Business Machines (IBM.N) recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

CoinDesk · 9h

Crypto suffers deeper declines as AI fears send IBM plunging 11%

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IBM shares drop 10% as stock becomes latest casualty of the AI scare trade

36m

IBM falls 13% as Anthropic says Claude can streamline COBOL code: Why did it trigger crash among Indian IT stocks?

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and retail systems

10hon MSN

IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat

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

IBM stock plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Yahoo

IBM taps AI to translate COBOL code to Java

COBOL, or Common Business Oriented Language, is one of the oldest programming languages in use, dating back to around 1959. It's had surprising staying power; according to a 2022 survey, there's over 800 billion lines of COBOL in use on production systems ...

IBM shares plunge as Anthropic touts COBOL modernization efforts

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its Claude Code tool can help with modernizing COBOL, a dated programming language that’s mainly run on IBM computers.

TheServerSide

The reasons the COBOL language is irrelevant -- and why Java's okay

For effectively all new development, the COBOL language is irrelevant. Many seem to think that Java is irrelevant, too, but I don't think that's the case. The problems that the languages were trying to solve are different, and Java's still appropriate for ...