IBM is looking to modernize Cobol applications by bridging its mainframe-oriented Cobol and WebSphere products to EJB and service-oriented architectures. The company will unveil new versions of its ...

AI can translate COBOL code, but that's the easy part. Here's what investors missed on Feb. 23.

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more ‌than 25 years on Monday, after AI ‌startup Anthropic said its Claude Code tool could be used to ...

IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code tools can accelerate refactoring of apps written in ...

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 ...

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 ...