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 ...

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

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

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 ...

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

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

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI ...

With states issuing pleas for volunteer coders, we set out to learn more about the woman-invented language powering the mainframe computers that process unemployment claims, and why there’s a shortage ...

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.