COBOL is a computer language used for business data processing and IBM is a leader in that area.

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its ...

IBM stock tumbles 10% after Anthropic launches COBOL AI tool ...

Artificial intelligence company Anthropic announced that its Claude platform can streamline COBOL code, a key profit center ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

Big Blue has been saying this itself since 2013 IBM’s share price slumped by 13 percent on Monday, seemingly caused by ...

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

Anthropic, in its latest blog post wrote that its Claude Code tool could be used to modernize legacy systems that run Common Business-Oriented Language or COBOL, a key business vertical for IBM.

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.