Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.
On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
Anthropic's Claude Code modernising COBOL systems triggered a 13.2% correction on IBM's stock.
This AI cycle is a story of Schumpeterian creative destruction as fragile IT consulting models face structural shifts. Check ...
On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, ...
Morgan Stanley Technology, Media & Telecom Conference 2026 March 5, 2026 1:45 PM ESTCompany ParticipantsEd McGowan ...
Artificial intelligence is rapidly transforming the global economy. Industries such as finance, healthcare, manufacturing, education, and entertainment are increasingly powered by AI technologies. As ...
The BOJ joins Project Agorá to develop tokenized central bank deposits, enhancing cross-border settlements with blockchain technology.
A world that runs on increasingly powerful AI coding tools is one where software creation is cheap — or so the thinking goes — leaving little room for traditional software companies. As one analyst ...
Amjad Masad’s Replit allows users to work together like they’re doodling on a white board. It also made him a billionaire along the way.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results