Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

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

After IBM's worst day on stock market, IBM senior vice-president Rob Thomas to everyone ...

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

IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t ...

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 ...