Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
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Platform Engineering Labs Expands formae with Multi-Cloud Support

Platform Engineering Labs today announced a major update to its open source Infrastructure-as-Code (IaC) platform, formae, ...

Anthropic's new AI tool jolts IBM - What happened and why it matters

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t modernization

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 ...