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IBM stock dives after Anthropic points out AI can rewrite COBOL fast

Big Blue has been saying this itself since 2023 IBM’s share price slumped by 13 percent on Monday, seemingly caused by ...
KTLA

FmPro Migrator 11.39 Adds Migration of COBOL to Java, C# & Python Using the Code Conversion Workbench

The automated transformation of COBOL to 50+ languages is performed by using the latest public & private generative AI models in the Code Conversion Workbench. The Code Conversion Workbench uses the ...

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 ...
SiliconANGLE

Rocket Software aims to future-proof Cobol with AI integration and cloud-ready enhancements

Information technology modernization specialist Rocket Software Inc. is integrating generative artificial intelligence and adding support for Arm processors in its line of Cobol modernization products ...