Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...
IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants spending years mapping workflows.
A single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market ...
COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...
Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...
IBM shares plunged 13% - their worst day in 25 years - after Anthropic said Claude Code could modernise Cobol systems.
A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic ...
Feb 23 (Reuters) - 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 ...
International Business Machines Corp (NYSE: IBM) shares are rebounding Tuesday morning after plunging more than 13% Monday, ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results