IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
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 Shares Tumble After Anthropic Claims AI Breakthrough in COBOL Modernisation

IBM shares plunged 13.2% after Anthropic said its Claude Code can modernise COBOL, raising fresh fears of AI-led disruption.

IBM stock crash: How a single blog post wiped $30 billion off IBM’s market value in one afternoon - here's what rattled investors

IBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop since 2000. The trigger was not earnings. It was an AI blog ...
Hackaday

Porting COBOL Code And The Trouble With Ditching Domain Specific Languages

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 ...
BizTech

How Financial Services Companies Can Maintain Mainframes as COBOL Experts Retire

COBOL — short for common business-oriented language — isn’t going anywhere. Released in 1960 and standardized in 1968, COBOL was developed by the Conference on Data Systems Languages to handle ...