IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

HONG KONG, March 12, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the successful launch of its proprietary AI-driven intelligent migration solution.

IBM’s stock took a hit after Anthropic, the company behind the AI model Claude, said its new tool can make fixing old COBOL ...

If you’re like many investors who held software stocks at the core of the portfolio, you may have hesitated when Anthropic ...

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

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

There has never been a better time to work in this industry. AI is reshaping what’s possible, and the level of investment pouring into technology rivals some of the most transformative public ...

The fall was also fueled by Trump's decision to up global tariffs to 15%, from the initial 10%, even after the Supreme Court struck down his sweeping "reciprocal" and emergency tariffs just a day ...

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 ...

OpenAI said on Thursday it will acquire Astral, as the ChatGPT maker doubles down on artificial intelligence-powered coding ...

IBM introduced its own AI-powered mainframe coding assistant in 2023, designed to help clients analyse and convert COBOL into modern languages such as Java. IBM shares dropped 13% after Anthropic's ...

Mumbai/Bengaluru: Anthropic’s claim that its AI coding tool Claude can understand and modernise programming language Cobol sent IBM shares down 13% on Monday, its steepest single-day fall in over 25 ...