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 ...

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

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

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

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 the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. On Monday, IBM shares (IBM) fell 13.2% following ...

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

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

Most recently, a federal grand jury in Nebraska returned indictments against six people for their role in jackpotting schemes ...

Burglars stole an ATM from a bar in Chicago's Little Village neighborhood early Wednesday morning.

Hackers hit more than 700 ATMs last year, resulting in $20 million worth of losses, the FBI says. The malware can instruct an ATM to dispense cash on demand, no bank card needed.

The company stated that Leerink Partners, a healthcare-focused investment bank, will now serve as the sales agent for its ATM program. The ATM equity offering allows OKYO Pharma to sell common shares ...