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 ...

Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.

Rolling coverage of the latest economic and financial news ...

Anthropic research shows developers using AI assistance scored 17% lower on comprehension tests when learning new coding ...

IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..