Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
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While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...
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IBM Stock Plunges 13% After Anthropic AI Challenges Core Business
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..
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