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 ...

(Bloomberg) --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 ...

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when fears about artificial-intelligence disruption hammered the legacy tech giant.

Mumbai/Bengaluru: Anthropic’s claim that its AI coding tool Claude can understand and modernise programming language Cobol sent IBM shares down 13% on Monday, its steepest single-day fall in over 25 ...

Markets were rattled after a report projected a 2028 worldwide intelligence crisis, claiming AI would decimate professional roles and spark economic freefall, leading to a steep drop in IBM’s share ...

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 ...

Shares of IBM tumbled over 13 per cent on Monday, wiping out more than $30 billion in market capitalisation and dragging Indian IT stocks lower, after a blog post by Anthropic stoked investor concerns ...

Feb 23 (Reuters) - Shares of International Business Machines (IBM.N), opens new tab recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code ...

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 ...

IBM, Accenture, and Cognizant have significant legacy system modernization practices that generate revenue from helping organizations update decades-old COBOL systems. Anthropic’s new tool, Claude ...

IBM shares dropped sharply by 13.1% to $223.39 when the market closed on Monday, making it the company’s biggest one-day fall since October 2000, when the stock had fallen about 15.5%. The news was ...

Investing.com -- IBM faces a reassessment of its artificial intelligence risk after the release of Anthropic’s Claude Code tool triggered its worst trading day in more than 25 years, according to ...