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 ...

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

COBOL Colleague uses symbolic machine learning and static analysis to help developers understand and maintain COBOL source code. The same technology could be applied to other programming languages.

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming ...

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...