Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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

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 ...

Detailed price information for Intl Business Machines (IBM-N) from The Globe and Mail including charting and trades.

The sell-off was triggered by a blog post from AI startup Anthropic, which claimed that its AI tool, Claude Code, can ...

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

IBM ( IBM 1.45%) stock got hit hard in Monday's trading as fears that artificial-intelligence (AI) technologies could disrupt the company's common business-oriented language (COBOL) tech stack. The ...

Plunge in IBM shares comes as fears of an artificial intelligence bubble grips the stock market Matthew Field is a Senior ...

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

In context: Despite being designed in 1959, the COBOL programming language is still widely used in applications deployed on mainframe computers. COBOL offers secure, reliable and transactional ...

IBM's mainframes are still widely used, and many applications run on ancient COBOL code. With a dwindling pool of programmers capable of modernizing COBOL applications, IBM's new AI code assistant ...