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 ...

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The catalyst for the downturn was a product announcement from AI firm Anthropic. Its newly introduced tool, "Claude Code," is designed to efficiently modernize systems built on the COBOL programming ...

Europe's cross-industry open source event expands with five high-impact collocated communities across AI, automotive, compliance, research, and toolingBRUSSELS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- The E ...

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 ...

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 ...

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