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IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Microsoft will continue using Anthropic's AI models, including Claude, for its customers despite the US Department of War ...
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The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...
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IBM business model at risk? Anthropic's Claude can modernise COBOL code; stocks fall 13%
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 ...
Anthropic research shows developers using AI assistance scored 17% lower on comprehension tests when learning new coding libraries, though productivity gains were not statistically significant. Those ...
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