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

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

According to Precedence Research, the global software market size accounted for USD 823.92 billion in 2025 and is predicted ...

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the company’s mainframe business against concerns raised by Anthropic’s COBOL ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, according to data compiled by Bloomberg. “Modernizing a Cobol system once ...

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

CNBC's Julia Boorstin reports on Snap's latest earnings results Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

A wild finish to the week saw technology surge 4% on Friday, measured by the State Street Technology Select Sector SPDR ETF. The ETF still closed the week in the red however, down 1.9% on its ...