AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...

COBOL is a computer language used for business data processing and IBM is a leader in that area.

A recent blog post from Anthropic, a large AI company in the U.S., signals that the tech can help governments "modernize" ...

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 ...

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

Last summer, Michael Vu, a 40-year-old independent IT consultant, found himself in a wholly unexpected place midway through his career. He’d signed a three-week contract to help a major U.S. retailer ...

Sometimes, technology is a reasonable excuse for a holdup. But in the case of the unemployment benefits that are part of the $2.2 trillion CARES Act, processing delays are not due to a glitch, but the ...