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%.
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 ...
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 ...

Trump’s new global tariffs kick in at 10%; Bank of England governor says March rate cut ‘open question’ – as it happened

Rolling coverage of the latest economic and financial news ...
eLife

A proteome-wide biochemical screen defines binding determinants of the core autophagy protein LC3B

This study is a valuable contribution that comprehensively identifies and characterizes LC3B-binding peptides through a bacterial cell-surface display screen covering approximately 500,000 human ...

Red Hat readies its metal-to-agent AI infrastructure stack for hybrid cloud deployments

Red Hat Inc. said today it’s gearing up its artificial intelligence ambitions with the launch of a new platform called Red Hat AI Enterprise that’s meant to make it easier to deploy and manage models, ...