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

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

There's more to the story than the alphabet.

As Chief Information Security Officers (CISOs) and security leaders, you are tasked with safeguarding your organization in an ...

Discover why Kotlin Multiplatform is becoming a game-changer for startup teams. Learn how it reduces development costs, speeds up product launches, and enables seamless cross-platform app ...

Vercel has launched "react-best-practices," an open-source repository featuring 40+ performance optimization rules for React and Next.js apps. Tailored for AI coding agents yet valuable for developers ...

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 dated programming ...

After Anthropic introduced a tool for automating time-consuming COBOL modernization, IBM's stock plummeted over 13 percent.

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.