AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ‘casualty’ of this was the legendary firm IBM, whose stocks fell.

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that ...

Shares of Infosys surged as much as 5 per cent to Rs 1,430.95 on the BSE on Tuesday after the IT major announced a strategic collaboration with Anthropic, offering relief to investors worried about ...

Infosys co-founder and Chairman Nandan Nilekani has warned that AI is fundamentally transforming the nature of technology jobs, with traditional coding set to lose its central role in software ...

Bengaluru, Feb 17: Nandan Nilekani, Co-founder and Chairman of Infosys, said on Tuesday that artificial intelligence (AI) will fundamentally change how software is built and deployed, adding that ...

Anthropic research shows developers using AI assistance scored 17% lower on comprehension tests when learning new coding libraries, though productivity gains were not statistically significant. Those ...

IT stocks came under heavy selling pressure on Thursday, February 12, following a sharp sell-off in global technology stocks amid renewed concerns around disruptions caused by AI-led start-ups.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Vibe coding is a fast-growing way to build software with AI by describing what you want, ...

Telstra is set to offshore up to 442 technology roles on top of 209 roles in its data and AI joint venture with Accenture. The telco confirmed to iTnews that it had commenced consultations with the ...

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