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

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens consulting. Click for more on IBM and ANTHRO.

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 ...

Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.

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

IBM shares plunged 13% after Anthropic said its Claude Code can automate COBOL modernisation—threatening a core IBM mainframe and legacy IT services revenue stream tied to the ageing programming ...

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

Just like algae blooms in the ocean and pollen in the spring, there’s been an explosion in the past year or two of new software, related tools and lingo from the IT and mainstream/consumer side. Some ...

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 ...

IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..