The economic shutdown due to the novel coronavirus pandemic has caused a massive surge in unemployment benefit claims nationwide. Unfortunately, in many states across the US, unemployment benefit ...

There are hundreds of billions of lines of COBOL code running on production systems worldwide. That’s not ideal for a language over 60 years old and whose primary architects are mostly retired or dead ...

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IBM is developing a generative artificial intelligence (AI)-assisted software development tool to help its customers modernise legacy Cobol applications, The new tool, watsonx Code Assistant for Z, ...

IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code tools can accelerate refactoring of apps written in ...

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’s stock experienced one of its biggest single-day drops on February 24, in over 25 years, due to market concerns about new AI tools (like Anthropic’s Claude Code) that claim they can automate the ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...