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.
Investor's Business Daily on MSN

IBM stock stung by Anthropic fears. Analyst says AI 'can't replace' the mainframe

IBM is the latest victim to investor fears about Anthropic's AI code.

Izzi Software Unveils New Brand, Launches z/XDC on Visual Studio Code to Modernize Mainframe Debugging and Accelerate Adoption

Izzi Software, owner of ColeSoft, the leading provider of debugging solutions for IBM mainframe environments, announces the ...
The Information

IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...
Malay Mail

IBM shares hit 25-year low as AI promises to update ageing mainframe code

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude ...
The Victoria Advocate

Open Mainframe Project Redefines Developer Experience on the Mainframe with AI and Open Source Community

Specifically with mainframes, LLMs perform comparatively poorly at reading and writing mainframe code because there is very little data for them to train on. Zorse aims to solve these challenges by ...
Network World

Google Cloud partners with mLogica to offer mainframe modernization

Google Cloud has partnered with database and mainframe modernization software provider mLogica to help enterprises modernize their mainframe applications. The partnership will see Google Cloud combine ...