IBM Stock Sees Steepest Drop in 25 Years as Anthropic Touts AI Tool for COBOL Modernization
IBM shares post their steepest drop in over 25 years after Anthropic says its Claude Code AI tool can automate COBOL modernization on IBM mainframes.
IBM shares post their steepest drop in over 25 years after Anthropic says its Claude Code AI tool can automate COBOL modernization on IBM mainframes.
Artificial intelligence has become a major factor behind U.S. job cuts in 2025, with companies citing automation and efficiency gains as reasons for workforce reductions. More than 55,000 layoffs this year have been directly attributed to AI adoption.
Riyadh Air, in collaboration with IBM, has launched as the world’s first AI-native airline, using AI-powered operations to transform employee and guest experiences while optimizing operational efficiency.
IBM acquires Confluent in $11 B deal, combining real-time data streaming and AI infrastructure to support the next generation of cloud and enterprise applications.
IBM introduces the IBM Defense Model, a specialized AI solution co-developed with Janes, designed to deliver accurate, mission-critical intelligence in classified, edge, and air-gapped environments.
IBM has partnered with Anthropic to integrate Claude into its enterprise software suite, launching a new AI-first IDE designed to automate development with built-in governance and security.
IBM and AMD are joining forces with San Francisco–based Zyphra to build one of the world’s largest generative AI training clusters. Powered by AMD Instinct MI300X GPUs on IBM Cloud, the collaboration aims to accelerate Zyphra’s multimodal foundation models and advance open-source AI innovation.
IBM has unveiled a detailed development plan for Quantum Starling, the world’s first large-scale fault-tolerant quantum computer, aiming for deployment by 2029 – setting a milestone for practical quantum capability.