Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

This company is helping build the backbone of AI, but then investors got worried about AI's impact on software.

COBOL is a computer language used for business data processing and IBM is a leader in that area.

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

Still one of the biggest names in the computing world, IBM (NYSE:IBM) shed over 16% year to date heading into mid-March, a jarring reversal for a stock that closed Q4 earnings at $314.84 with momentum ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

In context: Despite being designed in 1959, the COBOL programming language is still widely used in applications deployed on mainframe computers. COBOL offers secure, reliable and transactional ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

The product is targeted at modernizing mainframe applications that run on IBM Z systems, as the number of COBOL developers starts to dwindle. In a bid to help IBM Z systems customers modernize their ...

The COBOL programming language for IBM mainframes. In 1994, IBM dropped support of OS/VS COBOL, which conformed to ANSI 68 and 74 standards and limited a program's address space to 16 bits. IBM's VS ...

IBM is looking to modernize Cobol applications by bridging its mainframe-oriented Cobol and WebSphere products to Enterprise JavaBeans (EJB) and service-oriented architectures. The company will unveil ...