August 7, 2026

IBM

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IBM Stock Crashes 13% as Anthropic’s Claude Code Threatens COBOL Business, Shares Down 24% YTD

admin@gmail.com06 mins

In a dramatic market reaction on Monday, International Business Machines Corporation (IBM) shares plunged nearly 13.2%, closing at $223.35, after AI startup Anthropic announced a major breakthrough targeting one of IBM’s core legacy business strengths — COBOL modernization. The sell-off deepened investor concerns that generative AI tools are rapidly disrupting traditional enterprise technology models. With…

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U.S. Tech Giants Enabled China’s Surveillance State, Raising Human Rights Concerns

admin@gmail.com02 mins

American technology companies have played a significant role in building China’s surveillance system, fueling human rights abuses, according to a new investigation. Over the past 25 years, U.S. firms have sold billions of dollars’ worth of advanced technology to Chinese government agencies, police, and surveillance companies. Despite repeated warnings, these tools were used to monitor…

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