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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 ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
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On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
IBM's stock ended Monday as the worst-performing member of the S&P 500 following a disruptive AI announcement from Anthropic.
On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, ...
Microsoft CEO Satya Nadella has offered Xbox staff words of reassurance following the exit of previous gaming boss Phil Spencer. Last month, Microsoft announced a huge shakeup at its gaming business, ...
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 ...
On the morning of 21 November 1920, Michael Collins sent his trusted team of assassins known as the ‘Squad’ to kill 12 alleged British intelligence agents in their flats, boarding houses and hotel ...
While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...