May 17, 2026

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IBM Stock Crash, Anthropic’s Claude Code and the ‘Ghost GDP’ AI Doom Loop: Why a 2028 Intelligence Crisis Is Unlikely |

contact@dailyupdatesindia.com08 mins

Markets were rattled after a report projected a 2028 worldwide intelligence crisis, claiming AI would decimate professional roles and spark economic freefall, leading to a steep drop in IBM’s share price. Yet many specialists dispute this doomsday timeline, arguing that AI’s impact will unfold more gradually, with outcomes depending significantly on how policymakers manage labor,…

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Anthropic Claude Code tool impact: IBM share price crashes most in 25 years; may see biggest monthly fall in almost 60 years

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IBM share price crash (AI image) IBM share price crash: Anthropic’s latest business move has hit shares of International Business Machines Corp or IBM hard. The stock tumbled on Monday after artificial intelligence startup Anthropic announced that its Claude Code tool can assist in upgrading COBOL, an aging programming language predominantly operated on IBM systems.In…

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Met Gala announces ‘Fashion is Art’ dress code; Beyonce, Nicole Kidman and Venus Williams to co-chair event |

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Met Gala 2026 announces ‘Fashion Is Art’ dress code; Beyonce, Venus Williams, Nicole Kidman to co-chairThe Met Gala will return this May with an all-new dress code, fans and fashion experts are going to want to look forward to. Organisers confirmed on Monday that the 2026 dress code will be “Fashion Is Art”.Come May 4,…

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What is Anthropic’s new AI tool, Claude Code Security, that wiped off billions from cybersecurity stocks in one night

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Anthropic’s new AI tool, Claude Code Security, scans for code vulnerabilities, prompting a multi-billion dollar stock market crash in the cybersecurity sector. While existing scanners use pattern matching, this AI reasons like a human researcher, identifying complex flaws. Despite its research preview status and human oversight requirement for fixes, the market reacted sharply to the…

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Anthropic’s top exec answers why Anthropic is hiring engineers when ‘Claude Code is writing 100% of code’; says: Engineering is….

contact@dailyupdatesindia.com02 mins

Anthropic’s AI, Claude Code, now generates nearly all internal code, prompting questions about its 100+ open engineering roles. Executives clarify human engineers are crucial for prompting, customer interaction, and strategic decisions. This shift elevates engineers to focus on system design and product direction, with AI handling repetitive coding tasks. The trend signifies a significant evolution…

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One of America’s biggest investors, Jim Cramer, has this ‘joker message’ for those saying Anthropic code can do software jobs

contact@dailyupdatesindia.com02 mins

Jim Cramer, one of America’s biggest investors recently questioned the use of artificial intelligence (AI) tools in high stake jobs, saying he remains unconvinced that major law firms can fully rely on AI. Sharing a post on X (formerly Twitter), Cramer wrote: “I know AI will get better but can someone tell me one major…

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Less than a year after CEO Satya Nadella said 30% of Microsoft’s code is AI-written, company appoints an ‘Engineering Quality Head;’ and here’s why that matters |

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Microsoft has appointed Charlie Bell, its former security chief, as the company’s new engineering quality head — less than a year after CEO Satya Nadella said AI writes 30% of its code. The move comes amid rising Windows 11 bugs, underwhelming Copilot adoption, and growing evidence that AI-generated code introduces more errors than it eliminates….

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