Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

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

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 ...

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

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

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...

Republicans on the House Government Oversight Committee approved the committee’s report Tuesday recommending an independent audit and transfer of the judicial branch’s court debt collection system to ...

Overview Developing a new app no longer requires in-depth knowledge of programming and other complex technical concepts.This ...

IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an ...

Researchers at the University of Tuebingen, working with an international team, have developed an artificial intelligence that designs entirely new, sometimes unusual, experiments in quantum physics ...