International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

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.

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 ...

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

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 ...

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

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

Today’s Forbes Daily also covers financial market fallout from Trump’s tariffs, FedEx sues the government, Novo Nordisk tumbles, winter storm cancels flights and more.

IBM’s stock ended Monday down 13% as Anthropic’s Claude Code threatens to dismantle a critical part of its business.

By the end of the paper, despite talking about the dystopian society, Citrini Research adds that “we’re equally certain that machine intelligence will continue to accelerate." ...

Vegan silk is a fabric that marries tradition with modern sensibility, romance with practicality, and style with conscience.