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

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

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

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

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

IBM’s stock ended Monday down 13% as Anthropic’s Claude Code threatens to dismantle a critical part of its business.

IBM (NYSE:IBM) shares hit a session low Monday afternoon, falling 10%, after Anthropic announced an AI tool designed to streamline COBOL code modernization. Accenture (NYSE:ACN) and Cognizant ...

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

Otterkit is a free and open-source compiler for the COBOL programming language that runs on the .NET platform. It is currently in the alpha stage, under development to implement the COBOL 2023 ...