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COBOL CODE
US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know itA 1959 programming language, COBOL, is powering global finance and government systems. As experienced programmers retire, companies face a ...- An old legacy lights up: AI takes on decades of tech debtHelping enterprises unshackle billions of lines of legacy code they are buried under unlocks opportunities for Indian IT. But firms, especi...
- New Nasscom chair flags AI-led structural shiftThe Indian technology sector faces major changes due to AI. Srikanth Velamakanni, the new Nasscom chairperson, highlights both challenges l...
- US Stock Market: IBM shares slide after software weakness clouds Q1 resultsIBM shares fell in after-hours trading after its Q1 results signalled a slowdown in revenue growth, particularly in its software division. ...
- IBM revenue growth slows on AI worries; shares fallIBM's first-quarter revenue growth slowed to 9%, raising concerns about AI's impact on its software business, particularly after a rival to...
- Frightful February for IT stocks: How Anthropic’s 6 AI tools sparked a multi-billion dollar meltdown in 4 weeksIndian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launche...
- Billdesk, Upgrad acquisitions; Anthropic's advances: an opportunityHappy Thursday! Billdesk is set to acquire Worldline's India business, while Upgrad has bought a majority stake in Internshala. This and mo...
- ETtech Explainer: Decoding Anthropic’s Claude Code update that triggered IBM selloffA single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market value. COBOL, a...
- IBM stock falls 13.1% after Anthropic posts how Claude Code can be used to modernize COBOLIBM stock fell sharply after AI company Anthropic shared an update about its Claude Code system. The AI can help companies understand and u...
- IBM stock crash: How a single blog post wiped $30 billion off IBM’s market value in one afternoon - here's what rattled investorsIBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop...
- Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocksIBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall Street—its worst...
- AI transition to be painful for IT industry as it involves humans: HCLTech CEOAmid widespread concerns on jobs and the relevance of the nearly $300 billion India IT services sector, a key industry leader on Tuesday sa...
- AI coming for cybersecurity too? Anthropic fear hits another corner of Indian stock marketCybersecurity stocks in India and the US fell sharply after Anthropic launched Claude Code Security, raising concerns about AI-driven disru...
- 4 Vijay Kedia stocks crash up to 20% on fears of AI-led disruptionShares of four companies backed by ace investor Vijay Kedia tumbled up to 20% on Tuesday after investors reacted to AI startup Anthropic’s ...
- IBM shares sink 13%, record steepest drop in 25 years after Anthropic says AI can modernise COBOLShares of IBM plunged 13.2% Monday, marking their steepest single-day drop in over 25 years, after AI startup Anthropic said its Claude Cod...
- Infosys, HCL Tech, TCS, other IT stocks fall up to 3% as Anthropic delivers new shockIT stocks like TCS, Infosys, and HCL Technologies experienced significant selling pressure following Anthropic's announcement of its Claude...
- US Stocks | IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOLIBM shares plummeted over 13% on Monday, marking their worst single-day fall in over two decades. This sharp decline followed AI startup An...
- IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOLShares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic sa...
- My first year at work- healthy working relations are imperativeThe first job is always special and this was an exciting period for me, soaking up all there was to learn, says Harishankaran Karunanidhi, ...
- Micro Focus to launch training prog to push software applicationsMicro Focus, a UK-based ISV (independent software vendor), plans to launch training and awareness programmes to push COBOL applications amo...
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