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 ...

This AI cycle is a story of Schumpeterian creative destruction as fragile IT consulting models face structural shifts. Check out why tech selectivity is vital.

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 ...

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

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

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 ...

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 ...

Malware-wielding criminals "jackpotted" ATMs across the United States last year to walk away with $20 million thanks to "cash-out" attacks.

The FBI said 700 ATM "jackpotting" incidents occurred in 2025 alone and accounted for over $20 million in losses.