“Testing and control sit at the center of how complex hardware is developed and deployed, but the tools supporting that work haven’t kept pace with system complexity,” said Revel founder and CEO Scott ...

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 ...

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

IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline.

Rolling coverage of the latest economic and financial news ...

Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced ...

The company disclosed in its Thursday funding announcement that it’s now valued at $1.25 billion. That’s up from $250 million in November. Salesforce Ventures led the raise with participation from ...

The bloodbath on Indian benchmark indices on February 13 led to India VIX rising a whopping 15% and Nifty trading below the key 25,500 level.

The plan is part of Shapiro’s budget pitch and includes a $1 billion proposal, renter protections, zoning reforms and a strategy to tackle rising housing costs statewide. FILE - Gov. Josh Shapiro ...

The Singapore government will expand its support for the local equity market as part of a broader push to strengthen its position as a financial hub. Prime Minister Lawrence Wong announced the ...

The Singapore government will expand its support for the equity market as part of a broader push to strengthen its position as a financial hub. The government will inject an additional 1.5 billion ...