Morgan Stanley is now aiming artificial intelligence at one of enterprise software’s biggest pain points, and one it said Big Tech hasn’t quite nailed yet: helping rewrite old, outdated code into modern coding languages. In January, the company rolled out a tool known as DevGen.AI, built in-house on OpenAI’s GPT models. It can translate legacy code from languages like Cobol into plain English specs that developers can then use to rewrite it.
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How Morgan Stanley tackled one of coding’s toughest problems
“We found that building it ourselves gave us certain capabilities that we’re not really seeing in some of the commercial products,” Pizzi said. The off-the-shelf tools might yet evolve to deliver those capabilities, he said, “but we saw the opportunity to get the jump early.”
