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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 ...

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 ...
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%.

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 suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced ...

Databricks streaming data ingestion service is now available

Databricks Inc. today announced the general availability of Zerobus Ingest, a new serverless service within its Lakeflow Connect suite that simplifies and accelerates real-time data ingestion into the ...