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 ...

COBOL remains widely used, handling an estimated 95% of ATM transactions in the United States. Hundreds of billions of lines of COBOL code run in production daily, powering critical systems in finance ...

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 ...

This AI cycle is a story of Schumpeterian creative destruction as fragile IT consulting models face structural shifts. Check ...

IBM’s stock stumbled on Monday to its largest single-day loss since the dot-com bubble burst, after Anthropic announced an AI tool it claimed would streamline updates for a decades-old business ...

As AI reshapes the tech landscape, investors may consider diversifying their portfolios beyond traditional IT stocks. Experts ...

IT services stocks have crashed; industry says investors don’t understand enterprise complexityJust days after Vinod Khosla and Citrini Research predi.

Anthropic is making its boldest enterprise push yet with Claude Cowork, rolling out private plug-in marketplaces, deep integrations, and AI agent tools that are reshaping corporate adoption and ...

IBM’s stock took a hit after Anthropic, the company behind the AI model Claude, said its new tool can make fixing old COBOL ...

Just weeks after its AI tools shook software stocks, Anthropic is pushing even deeper into the workplace. The company is ...