I wonder if the OP's question is motivated by there being less public examples of COBOL code to train LLM's on compared to newer languages (so a different experience is expected), or something else. If the prior, it'd be interesting to see if having a language spec and a few examples leads to even better results from an LLM, since less examples could also mean less bad examples that deviate from the spec :) if there are any dev's that use AI with COBOL and other more common languages, please share your comparative experience

Most COBOL I know of won't ever see the light of day.

Also COBOL seems to have a lot of flavors that are used by a few financial institutions. Since these are highly proprietary it seems very unlikely LLMs would be trained on them, and therefore the LLM would not be any use to the bank.