Goldman Sachs Embraces AI: Devin, the Autonomous Coder, Joins the Workforce
9 Sources
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Goldman Sachs is testing viral AI agent Devin as a 'new employee' | TechCrunch
Cognition's AI coding agent Devin has scored a major customer: Goldman Sachs, the bank's CIO, Marco Argenti, told CNBC. "We're going to start augmenting our workforce with Devin, which is going to be like our new employee," Argenti told the outlet, adding that it plans to roll out hundreds of
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Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm's
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Goldman Sachs adds AI coder Devin to its headcount
Goldman Sachs just hired a coder who doesn't sleep, eat, or cash a paycheck. The investment bank announced Friday that it's testing Devin, an AI software engineer built by London-based startup Cognition, with plans to deploy the autonomous program across its tech teams, according to Goldman's chief
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Goldman Sachs doesn't have to hire a $180,000 software engineer -- meet Devin, its new AI-powered worker
The newest hire at Goldman Sachs won't be able to have a coffee chat with co-worker Rishi Sunak, or attend the firm's after-work happy hour -- rather, it'll be working all day on its coding assignments. The Wall Street investment bank recently unveiled it had hired Devin: a new AI-powered
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Meet Devin: Goldman Sachs' new AI software engineer that never sleeps
Subscribe to the Daily newsletter.Fast Company's trending stories delivered to you every day Cognition introduced the technology, which it hailed as the world's "first AI software engineer," last year. That tech, known as Devin, was designed to execute software engineering tasks independently,
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Wall Street just hired Devin and he* is not here to fetch coffee.: By Jan Daniel Semrau
In a surprisingly innovative move, Goldman Sachs is piloting an AI agent with Cognition's Devin for software development tasks (remember can Devin build Devin?) I think , this initiative marks a significant shift in how major financial institutions perceive and integrate AI into their operations.
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End of six-figure coding jobs? Meet Devin: Goldman's new AI engineer that works like a human, but for no salary
Meet Goldman Sachs' newest engineer, one who doesn't need coffee breaks, paychecks, or stock options. Devin, an AI-powered software developer, is a sign of the Goldman Sachs' brave step into the future of tech work. with AI tools advancing fast, white-collar jobs may never look the same
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Goldman Bets On AI Developer To Boost Productivity -- Could This Be The Future Of Wall Street Jobs? - Goldman Sachs Group (NYSE:GS)
Goldman Sachs GS has begun testing Devin, an autonomous AI software engineer developed by Cognition Labs, as it seeks to integrate AI agents alongside its 12,000 human developers, tech chief Marco Argenti told CNBC. Argenti said the firm will start deploying hundreds -- and eventually thousands --
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Goldman Sachs Hires Devin AI: What This Means for Entry-Level Engineers
Goldman Sachs Deploys Devin AI to Transform Banking with 24/7 Automation, Putting 200,000 Tech Jobs at Risk Goldman Sachs has introduced an AI software engineer called Devin AI, in a daring move that rocked the tech and financial sectors. This advanced AI model has been developed by London-based
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Goldman Sachs is testing Devin, an AI-powered autonomous software engineer, as part of its workforce. This move signals a significant shift in the adoption of AI in the corporate world, particularly on Wall Street.
Goldman Sachs Introduces AI Coder Devin
Goldman Sachs, one of the world's top investment banks, is making waves in the financial industry by introducing an AI-powered autonomous software engineer named Devin to its workforce. The bank's Chief Information Officer, Marco Argenti, announced that they are testing Devin as a "new employee" and plan to deploy hundreds, potentially thousands, of instances across their tech teams
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Source: CNBC
The Rise of Devin
Devin is an AI coding agent developed by Cognition, a London-based startup valued at nearly $4 billion
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. Launched last year, Devin gained prominence when Cognition claimed it had created the world's first AI software engineer. The system is designed to work as a full-stack developer, capable of completing multi-step coding tasks with minimal human intervention2
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.Potential Impact on Productivity
Goldman Sachs believes that integrating Devin into their workforce could significantly boost productivity. Argenti suggests that this more powerful form of AI has the potential to increase worker efficiency by up to three or four times the rate of previous AI tools
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. The bank plans to use Devin for tasks that engineers often consider tedious, such as updating internal code to newer programming languages2
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Source: Fast Company
The Hybrid Workforce Vision
Despite the introduction of AI coders, Goldman Sachs emphasizes a vision of a "hybrid workforce" where humans and AI work side by side. Argenti stated, "It's really about people and AIs working side by side. Engineers are going to be expected to have the ability to really describe problems in a coherent way and turn it into prompts ... and then be able to supervise the work of those agents"
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.Implications for the Job Market
The adoption of AI in coding roles raises questions about the future of employment in the finance industry. Bloomberg Intelligence has predicted that banks could cut as many as 200,000 jobs globally over the next three to five years due to AI adoption
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. While Goldman Sachs continues to hire human software engineers, there are concerns about the potential impact on entry-level positions4
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.Related Stories
Industry-wide AI Adoption
Goldman Sachs' move is part of a broader trend of AI adoption in the corporate world. Tech giants like Microsoft and Alphabet have reported that AI is already producing about 30% of the code on some projects, while Salesforce CEO Marc Benioff claimed that AI handles as much as 50% of the work at his company
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Source: Benzinga
The Future of Work
As AI continues to reshape white-collar work across industries, the integration of tools like Devin represents a shift towards "agentic AI" - systems designed to work autonomously on complex tasks. This evolution is prompting discussions about the changing nature of work and the skills that will be valued in the future job market
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.In conclusion, Goldman Sachs' adoption of Devin marks a significant milestone in the integration of AI into the financial sector. While it promises increased productivity and efficiency, it also raises important questions about the future of work and the potential impact on employment in the industry.
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