DevGen.AI, developed by Morgan Stanley, is a patented tool designed to convert legacy code into plain-English specifications, streamlining the process significantly. As of June 2023, the tool has saved developers over 280,000 hours. This tool addresses long-standing issues in rewriting outdated programming languages, which can hinder security and technological adoption. The technology aims to alleviate work burdens rather than replace developer jobs, according to bank officials. The project was initiated during a hackathon and has surpassed expectations since its release in January 2023.
The newly patented DevGen.AI tool has saved developers almost 300,000 hours in 2023 alone by simplifying the process of rewriting legacy code into modern programming languages.
According to Trevor Brosnan, the global head of technology strategy at Morgan Stanley, DevGen.AI converts outdated code into plain-English specifications, which can be easily rewritten.
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