Is Claude Code coming for Big Blue? Plus, Boom Supersonic leaves Greensboro site unclear and Duke ups minimum wage in this ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.

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 ...

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

Quick Read IBM (IBM) trades at 22.7x trailing P/E after its COBOL dip. AI coding tools like Claude Code are disrupting traditional seat-based software sales, but legacy software companies are already ...

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

Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

A recent blog post from Anthropic, a large AI company in the U.S., signals that the tech can help governments "modernize" legacy systems based on that old language. The stakes are high, as so much ...

COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

The Social Security Administration is facing a potential overhaul of its computer systems, one that could disrupt the benefits of millions of Americans who rely on these payments. The Department of ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

Some people think tens of millions of dead people are collecting Social Security checks. That's not true. What's really going on is people don't understand its old, underlying technology. The saga of ...