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 ...

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Microsoft will continue using Anthropic's AI models, including Claude, for its customers despite the US Department of War ...

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Scientists at the Department of Energy's Oak Ridge National Laboratory have developed software that reduces the time needed for a key task in the development of custom microbes from a week to just ...

IBM’s Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise syst ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.

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