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 ...

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, ...

COBOL, or Common Business Oriented Language, is one of the oldest programming languages in use, dating back to around 1959. It’s had surprising staying power; according to a 2022 survey, there’s over ...

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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 ...

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 ...

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 ...

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that AI could disrupt one of IBM’s most entrenched revenue streams — mainframe ...