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 ...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Anthropic launched an AI tool that automates COBOL ...

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, ...

The product is targeted at modernizing mainframe applications that run on IBM Z systems, as the number of COBOL developers starts to dwindle. In a bid to help IBM Z systems customers modernize their ...

(Bloomberg) --International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a ...

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 ...

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 ...

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 ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...