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

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...
InfoWorld

IBM Watsonx to use generative AI to translate COBOL code into Java

The product is targeted at modernizing mainframe applications that run on IBM Z systems, as the number of COBOL developers starts to dwindle. In a bid to help IBM Z systems customers modernize their ...

Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocks

IBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall ...
TechCrunch

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 ...

IBM stock suffers worst single-day drop in 25 years over Anthropic’s COBOL tool: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core mainframe business. This AI advancement could compress years-long, costly ...
TechRepublic

Watsonx Code Assistant Adds COBOL-to-Java Translations on IBM Z

Watsonx Code Assistant Adds COBOL-to-Java Translations on IBM Z Your email has been sent IBM announced today watsonx Code Assistant for Z, a generative AI-assisted solution for COBOL-to-Java mainframe ...
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 ...