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

IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an ...

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A single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

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IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows.

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

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

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems ...