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IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it
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 $4 [...]
Meta returns to open source AI with Omnilingual ASR models that can transcribe 1,600+ languages natively
Meta has just released a new multilingual automatic speech recognition (ASR) system supporting 1,600+ languages — dwarfing OpenAI’s open source Whisper model, which supports just 99. Is architectu [...]
'Modernizing a COBOL system once required armies of consultants spending years mapping workflows... AI changes this': Anthropic says AI could help keep COBOL running for a long time to come — but IBM won't be happy
AI now allows engineers to modernize complex COBOL systems efficiently, automating code analysis, testing, and incremental implementation for long-term operation. [...]
Nous Research's NousCoder-14B is an open-source coding model landing right in the Claude Code moment
Nous Research, the open-source artificial intelligence startup backed by crypto venture firm Paradigm, released a new competitive programming model on Monday that it says matches or exceeds several la [...]
Anthropic says Claude Code transformed programming. Now Claude Cowork is coming for the rest of the enterprise.
Anthropic opened its virtual "Briefing: Enterprise Agents" event on Tuesday with a provocation. Kate Jensen, the company's head of Americas, told viewers that the hype around enterprise [...]
Intuit is betting its 40 years of small business data can outlast the SaaSpocalypse
Intuit has lost more than 40% of its market cap since the beginning of the year. It's not alone. Many established SaaS players have seen their stock prices fall in recent months, including Adobe [...]
IBM, watch out! Fujitsu uses AI to understand COBOL and automatically generate design documents "without expert knowledge" in minutes rather than hours
Fujitsu launches AI service that automates COBOL analysis and documentation, reducing effort while supporting modernization of widely used legacy systems. [...]