From Pymnts · PYMNTS · · 1m 30s
Cisco Gives Engineer Unlimited AI Tokens for 98% Code Rewrite
Cisco president hands one engineer unlimited AI tokens to refactor 98% of legacy code in 24 months.
In brief
Cisco president hands one engineer unlimited AI tokens to refactor 98% of legacy code in 24 months. Cisco president Jeetu Patel gave 27-year-old engineer Padmanabhan Krishnamurthy unlimited AI tokens to refactor 98% of the company's legacy code within 24 months. Originally reported by Pymnts.
Cisco's AI Refactor Challenge
Cisco president Jeetu Patel gave 27-year-old engineer Padmanabhan Krishnamurthy unlimited AI tokens to refactor 98% of the company's legacy code within 24 months.
“I've given him unlimited tokens because he's going to refactor code”
Brazil's Bank Uses AI for Mainframe Migration
Brazil's largest bank Itaú Unibanco used AI to cut migration time for mainframe batch systems by up to 70% and sped project delivery by up to 3.3 times.
AI Validation Framework for Code

Itaú ran every AI-extracted rule through a validation framework and generated code passed security and quality checks on first pass.
COBOL Legacy Systems Challenge
71% of mainframe teams report understaffing and 40% of banks still run COBOL-based cores despite scarce documentation.
Itaú's AI Migration Gains
Itaú used AI agents to cut migration time for batch systems by up to 70% and sped project delivery by up to 3.3 times.
Banking AI Adoption Challenges
Banks face challenges with AI-generated code as legacy systems hold decades of transaction rules and regulatory requirements.
AI Validation Ensures Accuracy
Itaú built a validation framework to confirm every business-critical rule survived extraction before rebuilding.
What it means
Cisco president Jeetu Patel gave 27-year-old engineer Padmanabhan Krishnamurthy unlimited AI tokens to refactor 98% of the company's legacy code within 24 months.





