Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.

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Two architects of modern computing join Lemurian Labs to help build AI infrastructure from the ground up SANTA CLARA, Calif., March 11, 2026 (GLOBE NEWSWIRE) -- Lemurian Labs today announced the ...

Anthropic's Claude Code modernising COBOL systems triggered a 13.2% correction on IBM's stock.

Discusses the Impact of Agentic AI on IT Services and Tech Industry Disruption March 11, 2026 9:30 AM EDT Good afternoon. Good morning, if you're joining us from the U.S. Hello, and welcome. Thank you ...

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 ...

AI has sparked a new round of conversation about Cobol, with tools emerging that claim to translate legacy code and, with it, solve the modernisation challenge. It is worth being precise about what ...

For a 168-year-old institution, transformation rarely happens overnight, particularly in the banking sector, which is well-known for its legacy systems. But at Bendigo Bank, the past eight years have ...

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.

The financial crisis of the late 1990s gave rise to a series of measures to strengthen the international financial system, one of the most notable of which was the World Bank-International Monetary ...