OpenAI touts AI progress on COBOL code

OpenAI says its latest AI models showed substantial improvements in working with COBOL, the antique code that still runs critical systems at the IRS, banks, airlines, and government infrastructure worldwide. These systems are propped up by code that nobody dares touch, lest everything come crashing down. The company's announcement suggests AI could offer a solution to this code crisis.

Would you trust AI to rewrite code for systems that handle your taxes or bank transactions?

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