With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

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

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

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

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 ...

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

IBM’s Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise syst ...

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

IBM’s stock recovered a bit after its February plunge as experts highlighted AI startup Anthropic’s work on legacy COBOL code ...

Microsoft will continue using Anthropic's AI models, including Claude, for its customers despite the US Department of War ...