A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI ...

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

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 ...

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

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

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

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

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming ...

Programming languages don't often make national headlines. But New Jersey governor Phil Murphy's plea earlier this month for developers familiar with the 60-year-old programming language Cobol to help ...

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

Python is still the most popular programming language, but Cobol has become more popular again this year because of the strain unemployment benefits systems have been put under during US coronavirus ...