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 ...

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

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 ...

The COBOL programming language was created in 1959 and has been widely seen as obsolete for decades. Yet there are still a fair number of software systems based on the language. The economic stresses ...

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

You’d think a computer programming language created in 1959 would be outdated — but you’d be incredibly wrong. Most people know Java and C++, but good ol’ COBOL is still alive and kicking. In the US, ...

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

(Updated 4/10: IBM and the Linux Foundation have partnered to set up a portal for both experienced and new COBOL coders to share resources and find opportunities. Here's a link to IBM's press release ...

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.

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 ...