I'm Not Convinced Anthropic's New COBOL Coding Tool Is an Actual Threat to IBM

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

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 ...
The Financial Express

Explainer: How Claude Code threatens to disrupt IBM’s mainframe biz

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

What is COBOL, the high-level programming language that is behind biggest-ever fall in IBM stock value

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...
SiliconANGLE

Rocket Software aims to future-proof Cobol with AI integration and cloud-ready enhancements

Information technology modernization specialist Rocket Software Inc. is integrating generative artificial intelligence and adding support for Arm processors in its line of Cobol modernization products ...
TechSpot

IBM launches AI-powered Watsonx for translating COBOL programs into Java code

In context: Despite being designed in 1959, the COBOL programming language is still widely used in applications deployed on mainframe computers. COBOL offers secure, reliable and transactional ...