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Software automatically translating COBOL to (say) Java has been around for a long time.

So there is zero value add using AI for this. Quite the opposite given how error prone AI is.

If that's the case then why haven't more places moved off of COBOL?

The language itself is the least of the problems. There is a whole mash of IBM mainframe technologies that is much harder to replace.

Isn’t a better question: why would they migrate off COBOL? Their business is working. What’s the impetus to change? It’s not like they need to use COBOL for every new project.

Also running probably nearly 100% bug free.

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