As India pivots from software services to AI token "factories" with tax breaks for global firms, questions arise over jobs, ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Rolling coverage of the latest economic and financial news ...
International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
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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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