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 ...
Finbold

Why Anthropic is behind IBM stock’s 13% plummet

Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
Opinion

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 ...
Communications of the ACM

A Decade of Docker Containers

Docker is a widely used developer tool that first simplifies the assembly of an application stack (docker build), then allows for the rapid distribution of the resulting executabl ...
Technobezz on MSN

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..