Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...
India Today on MSN
Anthropic says Claude can understand COBOL, IBM stock suffers worst fall in 25 years
IBM shares saw their sharpest fall in over 25 years after AI startup Anthropic said its Claude Code tool can understand and modernise COBOL, a language deeply tied to IBM's mainframe business. Here is ...
IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...
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