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 ...

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 ...

IBM stock dropped 13% on Monday after an Anthropic blog post highlighted another use for Claude Code. The AI firm said its tool could help companies modernize their legacy code. Anthropic's flurry of ...

IBM’s stock stumbled on Monday to its largest single-day loss since the dot-com bubble burst, after Anthropic announced an AI tool it claimed would streamline updates for a decades-old business ...

Shares of technology and consulting giant IBM (NYSE:IBM) fell 4% in the morning session after Anthropic launched a new AI tool within Claude Code designed to automate the modernization of COBOL, a ...

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

International Business Machines or IBM became the latest victim of the rapidly expanding AI power of Anthropic on Monday as the artificial intelligence company shared an update. IBM stock price on ...

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IBM, Accenture, and Cognizant have significant legacy system modernization practices that generate revenue from helping organizations update decades-old COBOL systems. Anthropic’s new tool, Claude ...