IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat

COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

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

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 shares sink most since 2000 as company becomes the latest AI casualty

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...
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 ...
InfoQ

Open-Source COBOL .NET Compiler Otterkit Reaches Alpha

Otterkit is a free and open-source compiler for the COBOL programming language that runs on the .NET platform. It is currently in the alpha stage, under development to implement the COBOL 2023 ...