IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.

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

COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM Research recently announced it’s open sourcing its Granite code foundation models, a key element within IBM’s broader family of Granite foundation models. IBM Research introduced its Granite ...

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when fears about artificial-intelligence disruption hammered the legacy tech giant.

IBM Corp. today made clear its intention to stay at the forefront of generative artificial intelligence development, announcing a host of updates to its year-old watsonx platform, including a new ...

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 ...

Watsonx Code Assistant Adds COBOL-to-Java Translations on IBM Z Your email has been sent IBM announced today watsonx Code Assistant for Z, a generative AI-assisted solution for COBOL-to-Java mainframe ...