Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% Mo…

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...

Claude the conqueror: The AI chatbot keeps wiping out billions from exposed tech stocks

Claude, Anthropic's AI chatbot, has sparked major selling of US tech stocks as its capabilities induce fear among investors ...
CIO

Anthropic’s claim that AI can quickly refactor COBOL rattles IBM investors

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 ...
Computing

AI can rewrite COBOL and IBM investors are panicking

A blog post by Anthropic pointing out that Claude Code can refactor legacy COBOL applications appears to have sent IBM’s share price down by double ...
CoinDesk

Crypto suffers deeper declines as AI fears send IBM plunging 11%

Artificial intelligence company Anthropic announced that its Claude platform can streamline COBOL code, a key profit center ...

IBM Brings Autonomous Agentic-AI Operations To Enterprise Storage

IBM's next-gen FlashSystem storage arrays combine agentic AI, hardware-native ransomware detection, and record capacity for enterprise storage.
HR Executive

IBM rewrites entry-level jobs as AI hiring surges

AI is reshaping tech hiring. IBM expands entry-level roles as new data shows rising demand for multidisciplinary talent.

IBM shares drop 10% as stock becomes latest casualty of the AI scare trade

Shares of IBM were down more than 10% on Monday after Anthropic published a blog post highlighting how its Claude artificial-intelligence product could lower the cost of COBOL modernization. COBOL is ...