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IBM shares plunge as Anthropic touts COBOL modernization efforts

  • Bloomberg News--Financial Post
  • published date: 2026-02-23 21:49:27 UTC

IBM shares plunged after the artificial intelligence startup Anthropic said its Claude Code tool can help with modernizing COBOL. Read on

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its Claude Code tool can help with modernizing COBOL, a dated programming lang… [+4073 chars]

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