IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
When Anthropic announced the start of testing on Friday, security vendors, and the markets, sat up and took notice. But is ...
Rolling coverage of the latest economic and financial news ...
Over the past couple of months, several researchers have begun making the same provocative claim: They used generative-AI tools to solve a previously unanswered math problem. The most extreme promises ...
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 ...
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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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