Anthropic's Claude Code modernising COBOL systems triggered a 13.2% correction on IBM's stock.

COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.

IBM shares plunged 13% after Anthropic said its Claude Code can automate COBOL modernisation—threatening a core IBM mainframe and legacy IT services revenue stream tied to the ageing programming ...

Infosys share price rose nearly 3% on Tuesday, February 17, following the announcement of a strategic partnership with Anthropic, an AI safety and research organization, to create and implement ...

The partnership will also support the modernisation of legacy systems. Infosys on Tuesday announced a strategic collaboration with American artificial intelligence company Anthropic to develop and ...

Infosys has announced a collaboration with Anthropic, to develop and deliver advanced enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software ...

Infosys after AI Day: Brokerages see up to 36% upside - What’s driving the optimism? (Image: Shutterstock) The share price of Infosys is under pressure after the smart rally recent. The tech major ...

Infosys 500209-0.91%decrease; red down pointing triangle has agreed to work with Anthropic to develop and deliver artificial-intelligence services to businesses in complex, regulated industries. The ...

BENGALURU, Feb 17 (Reuters) - Infosys (INFY.NS), opens new tab unveiled a partnership with Anthropic on Tuesday, days after investor concerns that AI tools would disrupt the traditional business ...

Infosys and Anthropic on Tuesday announced a strategic collaboration to build and deploy AI agents for companies in telecommunications, financial services, manufacturing, and software development, ...

The Infosys Investor AI Day, 2026 was all about the Tech Major’s AI plans going forward. MD and Chief ‌executive of Infosys Salil Parekh said that artificial intelligence services accounted for 5.5% ...