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

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

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

Anthropic's new AI tool for finding and fixing code vulnerabilities has triggered sharp market reaction in select markets and renewed debate over how much AI can reshape application security industry ...

A practical evaluation of using AI‑assisted coding to construct a TUI framework for the Ring programming language This ...

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

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 ...

Over two weeks and nearly 2,000 Claude Code sessions costing about $20,000 in API fees, the AI model agents reportedly produced a 100,000-line Rust-based compiler capable of building a bootable Linux ...

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

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

Shares of International Business Machines tumbled 13% Monday, their worst single-day move since October 2000. The stock began declining sharply in the afternoon after Anthropic, developer of the ...

Anthropic's latest AI model is better at coding, sustaining tasks for longer and creating high-quality professional work.