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 was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...

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

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

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 ...

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 ...

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

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 ...

FBI reports 1,900 ATM jackpotting cases since 2020, with $40.73M lost to Ploutus malware bypassing bank authorization.

The attacks cost banks more than $20 million last year, as criminals used many of the same tools and tactics they have wielded for more than a decade.