Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

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 ...

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common Business-Oriented Language), seemingly posing a threat to IBM's (NYSE: ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

The Open Mainframe Project (OMP), an open source initiative that enables collaboration across the mainframe community to develop shared tool sets and resources, has launched a COBOL Working Group, ...

Somewhere in a world full of advanced technology that we write about regularly here on TechCrunch, there exists an ancient realm where mainframe computers are still running programs written in COBOL.

The legacy programming language that refuses to die is still powering millions of daily transactions, but the difficulties of maintaining and integrating Cobol mainframes make the case for ...