IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

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

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

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 ...

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

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

Every engineering leader watching the agentic coding wave is eventually going to face the same question: if AI can generate production-quality code faster than any team, what does governance look like ...

Anthropic's Claude Opus 4.6 surfaced 500+ high-severity vulnerabilities that survived decades of expert review. Fifteen days later, they shipped Claude Code Security. Here's what reasoning-based ...

The S&P/ASX 200 is set to rise, with defensive sectors like Staples and Healthcare likely to lead. Here are today's top stories.