The IT services company introduced artificial intelligence software automating legacy mainframe application conversion for financial institutions modernizing systems.

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

If you’re like many investors who held software stocks at the core of the portfolio, you may have hesitated when Anthropic released its Cowork agent earlier this year. Whether it’s Claude Code, the ...

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 ...

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

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap. While IBM argues code translation isn't full modernization, the potential ...

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

Industry leaders say Anthropic’s advances in automating COBOL code could lower migration costs and create new opportunities for IT service firms. HCLTech CEO C Vijayakumar noted modernising mainframes ...