IBM Enhances COBOL Application Modernization with Generative AI


Google enhances AI avatars and voice features, adding 7 languages to simplify global cross-language communication and expand business applications and content creation.....
After purchasing chips from NVIDIA, Meta has signed a multi-year agreement with AMD worth over 100 billion dollars, purchasing a total of 6 gigawatts of AI computing power, aiming to diversify its computing power strategy and build an moat, setting a new record for transactions in the AI chip market.
The penetration of generative AI in the enterprise market is slow, and OpenAI executives have admitted that it has not yet been deeply integrated into core business processes. Enterprise organizations are complex, involving cross-team collaboration, integration of multiple systems, and deep business backgrounds, and AI applications face challenges.
An AI company named Anthropic launched a new tool aimed at reducing the costs for businesses maintaining COBOL systems, causing IBM's stock to drop by 13%. COBOL is a programming language developed in the 1950s, widely used in financial and aviation sectors, supporting 95% of ATM transactions in the United States.
As a generative AI social startup, CHAI has achieved threefold growth annually over the past three years, with an ARR of $68 million and a valuation exceeding $1.4 billion. While rapidly expanding its user base, the company has upgraded its safety framework, focusing on strengthening suicide prevention and self-harm intervention measures, emphasizing AI safety responsibility.