Morgan Stanley has built up his internal AI tool to tackle a difficult coding problem: Retail old old old code in more updated coding languages.
Morgan Stanley introduced the AI tool, which is based on the GPT models from OpenAi, in January, per The Wall Street Journal. The tool, called Devgen.ai, translates code into older languages, such as Perl (released in 1987), in normal English, who can then use developers as a basis for rewriting the code in newer languages such as Python.
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Mike Pizzi, the worldwide head of the technology and operations of Morgan Stanley, said Wsj That in the five months since the launch Devgen.AI has worked nine million lines of code, which saved the 15,000 developers of the company about 280,000 hours of work.
Pizzi said that Morgan Stanley chose to build the tool himself because technology companies had no solutions that fit the exact specifications of Morgan Stanley. Commercial aids lacked expertise in deciphering older coding languages, especially those specifically for a company.
“We discovered that building it gave us certain possibilities that we don’t really see in some commercial products,” Pizzi said Wsj. “We saw the chance to get the jump early.”
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Morgan Stanley trained Devgen.ai on languages within his own code base, including languages that have been adapted for the company. However, the AI tool is still growing when it comes to full translation. Although the tool can in theory code from an older language to a newererer, it does not know how to write the new code efficiently or a human developer, Pizzi said.
That is why Morgan Stanley keeps human developers involved in translating old or legacy code into new languages. Pizzi revealed that the company will not reduce its software engineering workforce as a result of the AI tool, although the company has dismissed 2,000 of his 80,000 person Employees in March.
Morgan Stanley has released several Ai -apps For employees, including one that helps them to summarize video translations and another who quickly finds information for them from the company’s research.
Morgan Stanley CEO Ted Pick told investors last year that the AI tools could save employees up to 15 hours a week and be “potentially real game changing”, per Reuters.
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