Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

(Bloomberg) --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 ...

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the ...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Anthropic launched an AI tool that automates COBOL ...

COBOL, which stands for Common Business-Oriented Language, is a programming language created in 1959 which is still widely used for business and financial data processing. The language was created by ...

Anthropic’s announcement that its updated AI tool can modernise COBOL, an old programming language that runs on IBM’s mainframes, left Big Blue’s stocks battered on Monday. Banasree Purkayastha looks ...

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 ...

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common Business-Oriented Language), seemingly posing a threat to IBM's (NYSE: ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23. The 100-year-old IT giant saw its market value plunge by billions on fears ...