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Title: Morgan Stanley Says Its AI Tool Processed 9 Million Lines of Legacy
Code This Year And Saved 280,000 Developer Hours

Link: https://developers.slashdot.org/story/25/06/0...

Morgan Stanley has deployed an in-house AI tool called DevGen.AI that has
reviewed nine million lines of legacy code this year, saving the investment
bank's developers an estimated 280,000 hours by translating outdated
programming languages into plain English specifications that can be rewritten
in modern code. The tool, built on OpenAI's GPT models and launched in
January, addresses what Mike Pizzi, the company's global head of technology
and operations, calls one of enterprise software's biggest pain points --
modernizing decades-old code that weakens security and slows new technology
adoption. While commercial AI coding tools excel at writing new code, they
lack expertise in older or company-specific programming languages like Cobol,
prompting Morgan Stanley to train its own system on its proprietary codebase.
The tool's primary strength, the bank said, lies in creating English
specifications that map what legacy code does, enabling any of the company's
15,000 developers worldwide to rewrite it in modern programming languages
rather than relying on a dwindling pool of specialists familiar with
antiquated coding systems.

Read more of this story at Slashdot.

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