COBOL — short for common business-oriented language — isn’t going anywhere. Released in 1960 and standardized in 1968, COBOL was developed by the Conference on Data Systems Languages to handle ...

The promise of AI providers to accelerate the departure from mainframes and legacy code should be viewed with skepticism, according to a new analysis by Gartner market researchers. “More than 70 ...

In April 2009, Larry Ellison said, as reported in The New York Times and The Guardian, that Java—then a freeware pro­gramming language—was “the single most important software asset we have ever ...

In no shock, International Business Machines Corporation (IBM) faces disruption by the technology that sent the stock to record highs. The main issue here is that IBM never actually saw huge benefits ...

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

l What did Anthropic say? IN A BLOG post on February 23, AI startup Anthropic declared that the economics of modernising COBOL, a dated programming language that runs on IBM mainframes, have shifted ...

IBM shares climbed about 5.2% by 10:50 a.m. ET on Tuesday, bouncing back after a heavy fall on Monday. The drop happened after Anthropic said its Claude Code tool can help modernise old COBOL systems, ...

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 ...

IBM just got hit with one of its worst single-day drops in years. Shares fell over 13.2% on Feb. 23, 2026, closing at $223.35. The culprit? Anthropicannounced its Claude Code tool could automate much ...

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the ...

Global technology giant International Business Machines (IBM) has become the latest casualty of artificial intelligence, after its stock fell 13% on Monday's trade in the New York Stock Exchange, ...

IBM introduced its own AI-powered mainframe coding assistant in 2023, designed to help clients analyse and convert COBOL into modern languages such as Java. IBM shares dropped 13% after Anthropic's ...