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 ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: 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 ...
dbta

Open Mainframe Project Launches a COBOL Working Group

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, ...
SiliconANGLE

IBM’s watsonx to leverage generative AI to modernize mainframe apps

IBM Corp. said today it’s using its recently announced generative artificial intelligence service watsonx to help enterprises modernize their most business-critical mainframe applications. Watsonx ...