“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 ...

SBI’s blockbuster Q3, rising mutual fund allocations and valuation comfort are driving renewed interest in banking stocks ...

China’s most-valued company is losing favor with equity investors on concern it is falling behind in the nation’s increasingly competitive artificial intelligence race.

Classover’s board has approved a share repurchase program under which the company may repurchase up to $2 million of its shares, reflecting board confidence in its long-term growth trajectory.