Morgan Stanley Builds AI Tool That Fixes Major Coding Issue | Entrepreneur
Briefly

Morgan Stanley has built an in-house AI tool called DevGen.AI to modernize old legacy code into contemporary programming languages. The tool, leveraging OpenAI's GPT models, has translated nine million lines of code since its launch in January, saving developers approximately 280,000 hours. While the AI provides a useful service, it lacks the efficiency and capability of human developers in rewriting code. Thus, human involvement remains crucial in the translation process. Morgan Stanley created this solution in-house due to a lack of suitable commercial options tailored to their specific coding needs.
Morgan Stanley has developed its in-house AI tool, DevGen.AI, to convert old legacy code into modern programming languages, translating nine million lines of code.
Although DevGen.AI can translate code, it still requires human oversight, underscoring the importance of developers in adapting legacy systems.
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