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

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

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 ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

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

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

Shares of computing and tech giant International Business Machines (IBM) saw their steepest daily drop ​in more than 25 years ...

The recently unveiled x86CSS project aims to emulate an x86 processor within a web browser. Unlike many other web-based ...

IBM shares plunged earlier this week on concerns its core mainframe business was facing competition from AI. What's next for the tech titan? Seeking Alpha analysts weigh in.

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.