IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t modernization

Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent ...

Anthropic Claude Code tool impact: IBM share price crashes most in 25 years; may see biggest monthly fall in almost 60 years

Anthropic’s latest business move has hit shares of International Business Machines Corp or IBM hard. The stock tumbled on ...
The Financial Express

4 reasons why Nifty IT, tech stocks are tanking today- From IBM’s 13% fall to Anthropic’s ‘Claude Code’

Nifty IT and tech stocks plummet as AI disrupts sector and IBM slides 13%; track support and resistance levels for recovery ...

IBM shares sink most in 25 years as company becomes the latest AI casualty

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

Replacing Humans With Machines Is Leaving Truckloads of Food To Rot

As AI-driven systems take control of food logistics, resilience increasingly hinges on whether humans retain the authority ...

IBM stock plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...
The Information

IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

IBM stock falls after Anthropic says AI can now modernize old software

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

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 ...
Hub

Will artificial intelligence make human workers obsolete?

Carey Business School experts Ritu Agarwal and Rick Smith share insights ahead of the latest installment of the Hopkins Forum, a conversation about AI and labor on Feb. 25 ...