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.

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

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 ...

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 ...

Java turned 30 in 2025. That's a good time to look back, but also forward.

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

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