Mumbai/Bengaluru: Anthropic’s claim that its AI coding tool Claude can understand and modernise programming language Cobol sent IBM shares down 13% on Monday, its steepest single-day fall in over 25 ...

Indian IT stocks fell up to 6% after IBM's sharp decline AI tool Claude can automate COBOL code modernization COBOL's future impacts major Indian IT firms serving global banks Did our AI summary help?

IBM introduced its own AI-powered mainframe coding assistant in 2023, designed to help clients analyse and convert COBOL into modern languages such as Java. IBM shares dropped 13% after Anthropic's ...

(Bloomberg) --International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a ...

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...

COBOL remains widely used, handling an estimated 95% of ATM transactions in the United States. Hundreds of billions of lines of COBOL code run in production daily, powering critical systems in finance ...

Feb 23 (Reuters) - Shares of International Business Machines (IBM.N), opens new tab recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code ...

The move followed comments from Anthropic that its Claude Code tool can help companies modernize legacy systems built on COBOL. Common Business-Oriented Language, or COBOL, is a programming language ...

International Business Machines’ stock is the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. Back To Top ...

Defense Secretary Pete Hegseth is calling in Anthropic CEO Dario Amodei to the Pentagon on Tuesday morning to discuss the military use of Claude, according to reporting from Axios. The meeting comes ...

IBM shares dropped sharply by 13.1% to $223.39 when the market closed on Monday, making it the company’s biggest one-day fall since October 2000, when the stock had fallen about 15.5%. The news was ...