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 ...

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

COBOL, or Common Business Oriented Language, is one of the oldest programming languages in use, dating back to around 1959. It’s had surprising staying power; according to a 2022 survey, there’s over ...

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...