A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...
IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...
IBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop since 2000. The trigger was not earnings. It was an AI blog ...
Some people think tens of millions of dead people are collecting Social Security checks. That's not true. What's really going on is people don't understand its old, underlying technology. The saga of ...
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 ...
As the Common Business Oriented Language, COBOL has a long and storied history. To this day it’s quite literally the financial bedrock for banks, businesses and financial institutions, running largely ...
Information technology modernization specialist Rocket Software Inc. is integrating generative artificial intelligence and adding support for Arm processors in its line of Cobol modernization products ...
Whenever the topic is raised in popular media about porting a codebase written in an ‘antiquated’ programming language like Fortran or COBOL, very few people tend to object to this notion. After all, ...
Despite the proliferation of digital banking apps, the banking industry still runs almost half its systems on a 1950s programming language, which makes it difficult for financial institutions to ...
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