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 ...

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

International Business Machines' stock is the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. On Monday, IBM shares (IBM) fell 13.2% following ...

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

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 ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

A man was arrested after failed attempts to rob a bank and ATM in Sheshadripuram and Halasuru Gate. The alarm system thwarted the theft, and police swiftly apprehended the suspect within 24 hours.

IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..