IBM
IBM shares suffered their worst day in 25 years after Anthropic said its Claude Code tool could modernise COBOL – the language still behind 95% of US ATM transactions – in quarters rather than years, stoking fears AI will erode IBM’s mainframe business.
Lloyds Bank has used IBM quantum hardware to successfully flag a money mule hidden in transaction data, an early sign quantum computing could sharpen banks’ fraud defences.
Multiverse Computing ran a pretrained Llama model through quantum circuit blocks on IBM’s 156-qubit machine and cut its perplexity while adding almost no parameters — the first end-to-end “quantum enhancement” of a production LLM.
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