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 ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

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

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 ...

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

The newly minted gold medalist displays her personal style on ice.

Imagine handing the nuclear launch codes to the world’s most advanced artificial intelligence. You’d hope the machine would ...

IBM's market plunge over AI concerns drags down Indian IT stocks, raising fears about legacy COBOL modernization challenges.

At the Department of Housing and Urban Development (HUD), we have directly supported homeownership for more than one million ...

Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...

Irshad Ahmad Mughal & Dr. Qurat al Ain Rana In the last century, millions perished in the fires of the First and Second World Wars. Europe, proud ...

A 70-year-old programming language runs nearly every ATM in America. On Monday, investors decided that's now a problem for IBM. IBM shares crashed 13.2% after AI startup Anthropic said its Claude Code ...