Goldman Sachs autonomous coder pilot marks major AI milestone
A screen exhibits the company logo for Goldman Sachs on the New York Stock Exchange (NYSE) in New York, USA, USA.
Brendan McDermid | Reuters
Newest rental Goldman Sachs Not human.
The Bank tests an autonomous software engineer from artificial intelligence attempt Cognitiveness This is expected to participate in the ranks of the Goldman Tech chief, 12,000 people developers. Marco Argenti He told CNBC.
The program, which is called Devin, was recognized last year in technology circles and claiming that Cognition created the world’s first AI software engineer. Demo Videos He showed the program as a full pile engine and completed multi -stage appointments with minimum intervention.
Argenti, in an interview this week, “We will start to increase our workforce with the Devin, who will be like our new employee who will start doing something on behalf of our developers.” He said.
“We will have hundreds of giants in the beginning [and] These can enter thousands of people depending on their use. ”
It is the last indicator of the dizzying speed in which AI is accepted in the institutional world. Last year, including Wall Street companies JPMorgan Chase And Morgan Stanley His employees used cognitive assistants based on Openai models to get to know technology.
Now, Wall Street points to a much larger shift with great potential rewards such as summarizing documents or writing e-mail to people such as Agentic AI’s arrival-state.
Technology giants including Microsoft And Alphabet He said that AI has already produced 30 % The code in some projects and Salesforce CEO Marc Benioff in question Last month, it carries out 50% of the AI work.
According to Argenti, Goldman Sachs, one of the most powerful investment banks in the world, has the potential to increase workers’ efficiency up to three or four times the rate of previous AI vehicles.
Devin, human employees will be supervised by the internal code of the internal code to the new programming languages often as they think that they will manage the work they often manage, he said.
Devin, a AI software developer, is an initiative called Cognition Labs, which is worth 4 billion dollars and considers Peter Thiel’s Founding Fund among investors.
Courtesy: Goldman Sachs
Goldman was the first major bank to use Devin, founded by a three engineers at the end of 2023. stocked With champion encoders.
In March, the start doubled Just a year after the release of Devin, his valuation is about $ 4 billion. The company is the leading initiative capitalists Peter Thiel and Joe Lonsdale and Palantir Founding partners among investors.
According to a person who knows the subject that refuses to determine the talk about the investments of the bank, Goldman does not have a shares in cognition.
Hybrid labor
The Bank’s movement can make a new concern about business cuts in and beyond Wall Street as a result of AI.
Managers in companies Amazon with Ford You grew more sincerely about what AI would mean for recruitment plans. Banks around the world will cut up to 200,000 jobs in the next three to five years, AI, Bloomberg’s research arm in question In January.
In 2019, Argenti, who joined Amazon to Goldman, drew a vision called “Hybrid Laborist”, where people and AI are together for the near future.
“This really works side by side with people and AIS, Ar Argenti said. “Engineers are expected to really define the problems and turn it into demands, and then these agents will be able to control their work.”
The role of the software developer, which lends itself to the type of training reinforcement Learning used to make AI smarter is not far from being automatic.
“These models are basically as good as any developer, really great,” Argenti said. “So I think it would be a point of evidence to expand other places.”
