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 ...

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 ...

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

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

With states issuing pleas for volunteer coders, we set out to learn more about the woman-invented language powering the mainframe computers that process unemployment claims, and why there’s a shortage ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Under the last coronavirus stimulus package signed into law late last year, each state was responsible for implementing federal unemployment extensions for people who lost their jobs in the pandemic.

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

Programming languages don't often make national headlines. But New Jersey governor Phil Murphy's plea earlier this month for developers familiar with the 60-year-old programming language Cobol to help ...