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 Vs. IBM: AI Starts To Threaten Businesses (Rating Downgrade)

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
BusinessMirror

IBM drops most since 2000 as Anthropic touts Cobol tool

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

AWS: Why agentic AI marks an inflection point for enterprise modernization

Every conversation I have with enterprise leaders today carries an unmistakable urgency about AI transformation. The economics have changed, possibilities have expanded dramatically, and the pressure ...

Sam Altman issues blunt warning at IIT-Delhi, says: You should not trust me for ...

OpenAI CEO Sam Altman advised young Indians against solely relying on traditional career advice, emphasizing the need to ...
Opinion

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

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...