IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

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 ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

According to Precedence Research, the global software market size accounted for USD 823.92 billion in 2025 and is predicted ...

Azul, the trusted leader in enterprise Java for today's AI and cloud-first world, today announced that Sasol, a global integrated chemicals and energy company headquartered in South Africa, has ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

Morgan Stanley Technology, Media & Telecom Conference 2026 March 5, 2026 1:45 PM ESTCompany ParticipantsEd McGowan ...

International Business Machines Corp shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...

Thanks, everyone, for joining us at Day 1 of the Morgan Stanley TMT Conference. My name is Katie Keyser. I'm on the software research team here at Morgan Stanley. Super excited to be joined by the ...