IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

IBM posted flat revenues in its latest quarterly results, with its mainframe sales dropping significantly this quarter. The company posted its Q2 2023 results this week, reporting a healthy profit ...

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 ...

IBM shares rebound 5% after AI fears fade, as analysts defend its mainframe strength and downplay risks from Anthropic’s ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming ...

Mainframe computers are often perceived as relics of the past but in reality, they continue to be the backbone of the global economy. Critical data related to finance, government, and other sensitive ...

Kyndryl and Microsoft have expanded their mainframe modernization service to include closer ties with Microsoft’s Azure cloud platform and broader security offerings. IT infrastructure services ...