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, ...

International Business Machines (NYSE: IBM) shares took a 13% nosedive on Feb. 23, their worst single-day drop in over 25 years. The culprit? Fears that Anthropic's Claude Code AI would make COBOL ...

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 ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

Yes, Social Security Administration systems that rely on COBOL need to be updated. No, Elon, it can't be done quickly. The Social Security Administration (SSA) payment system has more than 60 million ...

Rocket Software, a global technology leader in modernization software, is adding groundbreaking innovations to its COBOL solutions designed to help businesses update COBOL applications without ...

AI can translate COBOL code, but that's the easy part. Here's what investors missed on Feb. 23.