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The reliance on decades‑old COBOL code in critical institutions like the IRS means failures could disrupt essential services, and AI could offer a way to modernize or maintain these systems safely.
A computer running COBOL 73, an antiquated computer programming language, awaits taxpayer information entries at the Internal Revenue Service in Austin, Tx., on Friday, June 10, 2022. | Image: Getty Images What do the IRS, banks, airlines, and government infrastructure around the world have in common? They're all running on systems propped up by antique computer code that nobody dares touch, lest everything come crashing down. OpenAI thinks it may have a solution. On October 19th, the company to
COBOL is a programming language created in the 1950s that still powers many legacy systems in finance, government and transportation, and updating it is difficult because few programmers are familiar with it.