IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the ...

(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 ...

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Most investors jumped to a conclusion on Monday that's not supported by all the facts.

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 ...

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 ...

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 ...

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 ...

The Russian state-sponsored APT28 threat group is using a custom variant of the open-source Covenant post-exploitation framework for long-term espionage operations.

Independent evaluation shows 94% accuracy on legacy code comprehension - 20 points ahead of GPT-4o NEW YORK, NY, UNITED ...

Fujitsu will be completely removed from its Post Office contract by the summer of 2027, and its Horizon system will be “eradicated” earlier than planned for. According to Post Office chief technology ...

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 ...