IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat
infonewsLLM-Specific
industry
Source: CNBC TechnologyFebruary 23, 2026
Summary
IBM's stock fell 11% after Anthropic announced that its Claude AI model can now automate COBOL (a decades-old programming language used in banking and business systems) modernization work, which is a core part of IBM's business. Claude can map dependencies, document workflows, and identify risks in old code much faster than human analysts, potentially making IBM's COBOL-related services less valuable.
Classification
Attack SophisticationModerate
Affected Vendors
Anthropic
Related Issues
Original source: https://www.cnbc.com/2026/02/23/ibm-is-the-latest-ai-casualty-shares-are-tanking-on-anthropic-cobol-threat.html
First tracked: February 23, 2026 at 03:00 PM
Classified by LLM (prompt v3) · confidence: 85%