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

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.

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 ...

Anthropic AI cybersecurity stocks crash today: Cybersecurity stocks tumbled Monday as investors reacted to Anthropic's new AI ...

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

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 ...

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

Industry recognition underscores a shift from experimental AI and the growing demand for governed, enterprise-grade executionSAN JOSE, Calif., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Kognitos, the pioneer ...

New AI coding tools are accelerating legacy system modernization, raising opportunities and risks for banks, enterprises, and ...

HSBC refutes the notion that AI will disrupt the software industry, arguing instead that software will incorporate and control AI, creating significant value.