Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

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 ...

From Classroom to Enterprise: The Ring Programming Language and Softanza Library Power Education and Banking in Niger ...

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

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

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 modernize a ...

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

International Business Machines Corp (NYSE: IBM) shares are rebounding Tuesday morning after plunging more than 13% Monday, ...

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

The cloud unit of the Hangzhou-based company said it is selling a coding tool built atop open-source models like Alibaba’s own Qwen 3.5, as well as offerings from local startups Zhipu AI, Moonshot AI ...

Researchers at the University of Tuebingen, working with an international team, have developed an artificial intelligence that designs entirely new, sometimes unusual, experiments in quantum physics ...