Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

Anthropic's new AI tool jolts IBM - What happened and why it matters

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

IBM's stock heads for worst month in 34 years - and Anthropic is partly to blame

IBM's stock ended Monday as the worst-performing member of the S&P 500 following a disruptive AI announcement from Anthropic. International Business Machines' stock is the latest big software loser ...