‘Building It Ourselves’: Morgan Stanley Created an AI Tool to Fix the Most Annoying Part of Coding. Here’s How It Works.

Morgan Stanley built its in-house AI tool to tackle a difficult coding problem: reworking old legacy code into more updated coding languages.

Morgan Stanley introduced the AI tool, which is based on OpenAI’s GPT models, in January, per The Wall Street Journal. The tool, called DevGen.AI, translates code in older languages, such as Perl (released in 1987), into plain English, which developers can then use as a basis for rewriting the code into newer languages like Python.

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Mike Pizzi, Morgan Stanley’s global head of technology and operations, told WSJ that in the