Sample files for Azul are kept in a Simple Storage Service (S3) compatible binary large object (blob) store, and processed ...
On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.
Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
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IBM stock plunges 13% after Anthropic AI challenges core business
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock ...
IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...
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