AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market ...

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

IBM stock fell over 13% in a single trading session, raising its forward dividend yield to 3% right now.

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 ...

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