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, ...

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

International Business Machines Corp. shares plunged 13% after Anthropic said its Claude Code AI tool could accelerate COBOL ...

Big Blue has been saying this itself since 2013 IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code ...

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

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

IBM (NYSE:IBM) shares hit a session low Monday afternoon, falling 10%, after Anthropic announced an AI tool designed to streamline COBOL code modernization. Accenture (NYSE:ACN) and Cognizant ...

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

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

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