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Can AI help solve the COBOL code crisis?

The Verge AIIndependent reporting·
AI brief

The Verge AI reports that the IRS, banks, airlines and government infrastructure run on aging COBOL code that is risky to modify, and that OpenAI believes it may have a solution.

Written by AI from The Verge AI's published text.

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Source

“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.”
The Verge AI, 26 Oct 2026, 13:26.

Reporting from a publisher outside the organisation being covered.

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