Indian IT stocks fell up to 6% after IBM's sharp decline AI tool Claude can automate COBOL code modernization COBOL's future impacts major Indian IT firms serving global banks Did our AI summary help?

Feb 23 (Reuters) - Shares of International Business Machines (IBM.N), opens new tab recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code ...

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...

IBM, Accenture, and Cognizant have significant legacy system modernization practices that generate revenue from helping organizations update decades-old COBOL systems. Anthropic’s new tool, Claude ...

At a time when many people believe artificial intelligence will take away entry-level jobs, IBM is taking a different path. The company has announced that it plans to triple its hiring for entry-level ...

In brief: Amid multiple depressing reports of AI causing job layoffs and white-collar workers under threat, here's some rare positive news: IBM is tripling the number of entry-level workers it plans ...

IBM is set to triple entry-level hiring in 2026, a significant shift from its 2023 stance on AI replacing jobs. These roles are being redefined, with junior developers focusing more on customer ...

IBM has reportedly announced that it will triple the entry-level hiring in the US in 2026, even as artificial intelligence raises concerns about the future of early-career jobs. According to a report ...

Did our AI summary help? IBM is planning to significantly increase hiring for fresh graduates in the US next year, even as many companies worry that artificial intelligence could reduce opportunities ...

The job market has been a sore subject for Gen Z. The unemployment rate among young college grads sits at 5.6%, hovering near its highest level in more than a decade outside the pandemic. Meanwhile, ...

While the artificial intelligence industry touts that AI will replace entry-level jobs, not every company is scaling back hiring these positions. In IBM’s case, it’s going all in. Hardware giant IBM ...

Throughout its 115-year life IBM has shown itself to be a master of reinvention. In the mid-1990s the mainframe pioneer rescued itself from collapse by shifting its focus to the booming business of IT ...