IBM shares dropped 13% on Feb. 23, on fears that Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business. AI can help translate legacy code, but it can't ...

Anthropic introduces auto mode for Claude Code, a new mode that automatically determines which actions are permitted. A classifier checks each action for potentially dangerous behavior before ...

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IBM stock fell roughly 13% in Monday's trading in response to concerns that new AI tools could have a disruptive impact on the company. Anthropic is touting Claude Code's ability to modernize COBOL ...

The sell-off followed a blog post from Anthropic touting its Claude Code AI assistant as a way to modernize massive codebases written in COBOL, the decades-old programming language that still powers ...

IBM's sharp selloff underscores how artificial intelligence (AI) is beginning to challenge long-standing technology moats in enterprise computing, raising broader questions about who controls ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming ...

International Business Machines’ stock is the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. Back To Top ...

Let’s uncover how the IBM stock crash unfolded as AI driven modernization and legacy COBOL migration fears shake investors. Summary is AI generated, newsroom reviewed. IBM stock crash erased $31 ...

Anthropic’s Claude Code can now automate COBOL code modernization, threatening a major revenue stream for IBM, Accenture, and Cognizant IBM shares fell over 11% after the announcement; Accenture and ...

In today’s fast-paced business environment, development teams need continuous access to data. Provisioning this data is time consuming, and poses a challenge to IT leaders as they’re also responsible ...

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...