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 ...

IBM stock sinks as Anthropic highlights Claude's ability to modernize old programming language

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...
TMCnet

Pega Launches New AI Tool to Accelerate Lotus Notes Transformation

Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, today announced the availability of Notes to Blueprint™ to help organizations quickly transform outdated legacy Lotus Notes ...
Seeking Alpha

Pega Launches New AI Tool to Accelerate Lotus Notes Transformation

Notes to Blueprint helps enterprises quickly transform and retire outdated Lotus Notes applications An estimated 34,000 organizations worldwide still rely on aging Lotus Notes and Domino deployments ...
Reuters

IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms

IBM boosts AI portfolio with Confluent deal Offer price at 34% premium to Confluent's last close Deal to be funded with cash on hand, expected to close mid-2026 Acquisition will boost IBM's recurring ...
Investopedia

Why Shares of AI Data Software Company Confluent Are Soaring on Monday

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...
SiliconANGLE

IBM will acquire Confluent to address growing needs for real-time data in AI models

IBM Corp. said today it has signed a definitive agreement to acquire streaming data firm Confluent Inc. in an all-cash transaction valued at about $11 billion, paying $31 per share in cash for all ...
UPI

IBM to buy Confluent to grow AI data processing

Dec. 8 (UPI) --IBM announced Monday its buying out Confluent, a steaming platform, in a multi-billion-dollar deal. Confluent stock shares spiked nearly 30% and IBM at about 1$ after it was revealed ...
Diginomica

IBM to acquire Confluent for $11 billion - recognition that enterprise AI needs a real-time data backbone

It wouldn’t be Christmas without some big spending! IBM’s acquisition of Confluent could address some critical gaps for Big Blue and support customers moving away from batch processing, in search of ...
Digi Times

IBM CEO warns AI data center investments tough to break even due to short hardware cycles

As tech giants race to build data centers targeting artificial general intelligence (AGI), IBM CEO Arvind Krishna cautions that the industry is on a costly path that's difficult to recoup. Speaking on ...
TechSpot

AMD and IBM's CEO doesn't see an AI bubble, just $8 trillion in data centers

Editor's take: Normal people are now shelling out hundreds of dollars for modest RAM upgrades, while the companies powering the AI boom are looking forward to even more market hysteria. And despite ...