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

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ‘casualty’ of this was the legendary firm IBM, whose stocks fell.

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 ...

According to Precedence Research, the global software market size accounted for USD 823.92 billion in 2025 and is predicted ...

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

Melstacorp disclosed that it has divested 2,000,000 shares from its current shareholding of 4,252,264,664 shares in the Distilleries Company of Sri Lanka PLC. Melstacorp stock was up 1.79 percent at ...

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

Cloud seeding programs are now taking place in more than 50 countries across the globe, according to the World Meteorological Organization.