IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM’s core mainframe business. This AI advancement could compress years-long, costly migration projects into months, impacting recurring revenue from hardware, software, and services. The market reacted swiftly, signaling a potential shift in the legacy IT services landscape.
Related Posts
US lawmaker under fire for protesting Sikh prayer in Congress
Republican lawmaker Mary Miller faced criticism after misidentifying a Sikh leader as Muslim and questioning his prayer at Congress, falsely claiming America was founded as […]
Ahead of CT selection, BCCI to probe Samson’s Vijay Hazare Trophy no-show
Sanju Samson’s decision to skip the Vijay Hazare Trophy might affect his selection for the Champions Trophy, drawing scrutiny from the BCCI and selectors. The […]