Forbes

Forbes Daily: IBM Suffers Its Worst Day Since The Dot-Com Bubble

CNBC

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

Bloomberg

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

Business Insider

IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

The Register

Anthropic touts AI for COBOL, IBM stock takes a hit

Anthropic

How AI helps break the cost barrier to COBOL modernization

StevenDickens3

yangli_

The Wall Street Journal

Ibm Stock Posts Worst Decline In 25 Years On Ai Threat 0Fipxaionusaxgntctog

The Economic Times

IBM shares sink 13%, record steepest drop in 25 years after Anthropic says AI can modernise COBOL

IBM Newsroom

Lost in Translation: What the AI code debate keeps getting wrong

Ars Technica

IBMs generative AI tool aims to refactor ancient COBOL code for its mainframes

Metaculus

Date Anthropic Reaches Asl 4

RuiDiaoX

Elon Musk

Rishi Sunak

Kamala Harris

Bill Gates

Andrew Ng

Yoshua Bengio

Fei-Fei Li

Demis Hassabis

Melanie Mitchell

Sam Altman

Dario Amodei

Geoffrey Hinton

Yann LeCun

Gary Marcus

Max Tegmark

Connor Leahy

Eliezer Yudkowsky

Jaan Tallinn

Marc Andreessen

Eric Schmidt

Norbert Wiener

Arthur Clarke

Irving John Good

Claude Shannon

Hans Moravec

John Smart

There's a "wall of fear-mongering and doomerism" in the AI world right now.

"Worrying about AI today is like worrying about overpopulation on Mars."

Concerns that AI could pose a threat to humanity is "preposterously ridiculous."

Claiming AI poses an existential threat is "such an extreme" and risks "wip[ing] out some of its potential benefits."

"I'm more concerned about... the risks that are here and now [than the existential threat of AI]."

Current AI is "not anywhere close" to posing an existential threat but it could in the future.

AI is the "biggest existential threat" to humanity.

AGI's worst-case scenario would be "lights-out for all of us."

Powerful AI systems "taking control" pose an "existential threat."

AI has a "10 to 25 per cent" chance of destroying humanity.

"The most likely result of building a superhumanly smart AI... is that literally everyone on Earth will die."

Does AI Pose an Existential Threat to Humanity?

Stuart Russell

Shane Legg

Society is more likely to get "cat-level" or "dog-level" AI years before human-level AI.

"[W]e will eventually reach AGI... and quite possibly before the end of this century."

"Superhuman AIs" will be achieved "between a few years and a couple of decades."

"Digital intelligence" could overtake us within "5 to 20 years."

We may achieve "something like AGI or AGI-like in the next decade."

"[W]e could get to real AGI in the next decade."

"Human-level" AI could occur in "two or three years."

"I'd be surprised if we don't have AGI by [2029]."

Will AI Surpass Human Intelligence, and When?

The S&P 500 and Nasdaq declined by 1% and 1.1% respectively on Monday, while the Dow Jones Industrial Average lost 1.7% on the first day of trading since President Donald Trump enacted global tariffs of 15% in response to the Supreme Court's decision.

The S&P 500 and Nasdaq declined by 1% and 1.1% respectively on Monday, while the Dow Jones Industrial Average lost 1.7% on the first day of trading since President Donald Trump enacted global tariffs of 15% in response to the Supreme Court's decision.

IBM's stock plummeted 13% on Monday in its worst single-day percentage loss since October 2000, losing around $31 billion in market value after Anthropic announced an AI coding tool that would help modernize COBOL, a decades-old programming language.

IBM's stock plummeted 13% on Monday in its worst single-day percentage loss since October 2000, losing around $31 billion in market value after Anthropic announced an AI coding tool that would help modernize COBOL, a decades-old programming language.

COBOL handles an estimated 95% of ATM transactions in the United States, with hundreds of billions of lines of COBOL running in production every day, powering critical systems in finance, airlines and government, according to Anthropic.

COBOL handles an estimated 95% of ATM transactions in the United States, with hundreds of billions of lines of COBOL running in production every day, powering critical systems in finance, airlines and government, according to Anthropic.

IBM defended its mainframe business, stating that the value IBM mainframe delivers has nothing to do with COBOL and that whether the application is written in COBOL, Java or any other language, the platform provides the same guarantees.

IBM defended its mainframe business, stating that the value IBM mainframe delivers has nothing to do with COBOL and that whether the application is written in COBOL, Java or any other language, the platform provides the same guarantees.

IBM itself debuted a tool in 2023 that uses AI to work with COBOL, including updating it into Java, and CEO Arvind Krishna said in July 2025 that IBM's AI coding assistant for mainframes has got very wide adoption among customers.

IBM itself debuted a tool in 2023 that uses AI to work with COBOL, including updating it into Java, and CEO Arvind Krishna said in July 2025 that IBM's AI coding assistant for mainframes has got very wide adoption among customers.

Novo Nordisk's stock tumbled on news that its experimental weekly shot CagriSema led to less dramatic weight loss in an 84-week clinical trial than competitor Eli Lilly's Tirzepatide, the drug behind Zepbound and Mounjaro.

Novo Nordisk's stock tumbled on news that its experimental weekly shot CagriSema led to less dramatic weight loss in an 84-week clinical trial than competitor Eli Lilly's Tirzepatide, the drug behind Zepbound and Mounjaro.

IBM Plunges 13% as Anthropic AI Tool Threatens COBOL Business

IBM stockPlunges sinks13% as Anthropic rollsAI outTool AIThreatens toolCOBOL Business

The Controversies

Andreessen

Ng

LeCun

Mitchell

Li

Bengio

Musk

Altman

Hinton

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IBM Plunges 13% as Anthropic AI Tool Threatens COBOL Business

IBM stockPlunges sinks13% as Anthropic rollsAI outTool AIThreatens toolCOBOL Business

The Controversies

Andreessen

Ng

LeCun

Mitchell

Li

Bengio

Musk

Altman

Hinton

Amodei

Yudkowsky

LeCun

Marcus

Bengio

Hinton

Hassabis

Altman

Amodei

Musk

Go Deeper

Articles on this story

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