IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

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 ...

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 ...

IBM stock sinks as Anthropic highlights Claude's ability to modernize old programming language

IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an ...

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 consulting. Click for more on IBM and ANTHRO.