From Quartz.
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In early 2026, Anthropic’s AI surge reshaped engineering output and pressured markets, highlighting business and policy stakes. The company’s Claude Code tool gave software engineers a step-change in output, with reports of decade-old projects finished on commutes.
After Anthropic posted that Claude Code could translate legacy COBOL into modern languages, IBM lost $40 billion in market cap in a single session, alongside a broader sell-off exceeding a trillion dollars.
Revenue reportedly rose from $9 billion at end-2025 to $20 billion by early March, with U.S. enterprise share at 40% as OpenAI’s fell to 27%. Later, the Trump administration labeled Anthropic a supply-chain risk and ordered agencies to halt use; OpenAI announced a Pentagon deal as Anthropic’s app topped the App Store amid a boycott. #anthropicai #claudecode #airevolution #techdisruption #innovation2026
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