Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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 ...

Big Blue has been saying this itself since 2023 IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code ...

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 ...

After Anthropic introduced a tool for automating time-consuming COBOL modernization, IBM's stock plummeted over 13 percent.

Every conversation I have with enterprise leaders today carries an unmistakable urgency about AI transformation. The economics have changed, possibilities have expanded dramatically, and the pressure ...

A blog post by Anthropic pointing out that Claude Code can refactor legacy COBOL applications appears to have sent IBM’s share price down by double ...

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...

AI has sparked a new round of conversation about Cobol, with tools emerging that claim to translate legacy code and, with it, solve the modernisation challenge. It is worth being precise about what ...

Update implements Jakarta EE 11 platform and brings support for Jakarta Data repositories and virtual threads.

More than 670 cooperative banks in Germany, representing some 91 million accounts, depend on Atruvia for the IT that runs their business. As banks looked to comply with the heightened security and ...

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.