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

Legacy systems cost more than anyone budgets for. Gartner puts it bluntly: companies spend up to 80% of IT budgets just keeping old applications running — ...

Early in the Covid-19 pandemic, the governor of New Jersey made an unusual admission: He’d run out of COBOL developers. The state’s unemployment insurance systems were written in the 60-year-old ...

The computer language COBOL was born in 1959, when Jawaharlal Nehru was still Prime Minister and China had just occupied Tibet. Short for Common Business-Oriented Language, it was, along with Fortran, ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

AI automates COBOL code exploration, maps dependencies, and analyzes structural risks quickly Engineers can prioritize modernization based on technical risk and business value efficiently Automated ...

Anthropic’s announcement that its updated AI tool can modernise COBOL, an old programming language that runs on IBM’s mainframes, left Big Blue’s stocks battered on Monday. Banasree Purkayastha looks ...

IBM’s stock experienced one of its biggest single-day drops on February 24, in over 25 years, due to market concerns about new AI tools (like Anthropic’s Claude Code) that claim they can automate the ...

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 ...

"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 ...

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 ...

COBOL, which stands for Common Business-Oriented Language, is a programming language created in 1959 which is still widely used for business and financial data processing. The language was created by ...