It is one of the things they are best at.
Tho it works best with small chunks of well isolated code… I doubt it’d be very successful with the IRS’s ball of COBOL, especially considering how little cobol code is available for training sets.
It’d still require a ton of hairy manual work.
https://www.theregister.com/2023/08/22/ibm_says_genai_can_co...
> IBM is giving its mainframe customers a tool infused with generative AI to translate COBOL code to Java
Hard to wholesale believe claims when they are literally the ones selling that capability.
It probably works well for already clear and well structured cobol.