IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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 ...

Will software engineering profession die in the age of AI? IBM stock bleeds as Claude Code writes COBOL scripts. What it means for techies

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...

What is COBOL, the high-level programming language that is behind biggest-ever fall in IBM stock value

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

Xanadu’s PennyLane Integrates with the Munich Quantum Toolkit to Advance Quantum Compilation

Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced that it has successfully integrated PennyLane and its Catalyst compiler with the Munich ...
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I started using a self-hostable AI research app and I should have sooner

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Yale School of Management

At the Sixth Global Network Stock Trading Game, Students Navigate a Bear Market

This year’s champion had a record win against the backdrop of a simulated market downturn. Prof. Roger Ibbotson addressing ...

An AI Thought Experiment on Substack Is Sending the Stock Market Spiraling

AI disrupts software, which leads to software-backed loan defaults. The pace of AI disruption is not contained to software in this scenario: AI agents, vibe coding, and autonomous driving come for the ...

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 ...

Microsoft: A Very Healthy Business And Fairly Negative Sentiments: The Ingredients For A Timely Investment!

Azure + Copilot AI growth and OpenAI commitments drive upside.