{"id":18019,"date":"2025-07-12T07:07:33","date_gmt":"2025-07-12T07:07:33","guid":{"rendered":"https:\/\/finderica.com\/?p=18019"},"modified":"2025-07-12T07:07:33","modified_gmt":"2025-07-12T07:07:33","slug":"goldman-sachs-autonomous-coder-pilot-marks-major-ai-milestone","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=18019","title":{"rendered":"Goldman Sachs autonomous coder pilot marks major AI milestone"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108170722\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108170722\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000382065\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The newest hire at <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Goldman Sachs<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> isn&#8217;t human.<\/p>\n<p>The bank is testing an autonomous software engineer from artificial intelligence startup <a href=\"https:\/\/cognition.ai\/\" target=\"_blank\" rel=\"noopener\">Cognition<\/a> that is expected to soon join the ranks of the firm&#8217;s 12,000 human developers, Goldman tech chief <a href=\"https:\/\/www.goldmansachs.com\/our-firm\/our-people-and-leadership\/leadership\/management-committee\/marco-argenti\" target=\"_blank\" rel=\"noopener\">Marco Argenti<\/a> told CNBC.<\/p>\n<p>The program, named Devin, became known in technology circles last year with Cognition&#8217;s claim that it had created the world&#8217;s first AI software engineer. Demo <a href=\"https:\/\/x.com\/cognition_labs\/status\/1767548763134964000?lang=en\" target=\"_blank\">videos<\/a> showed the program operating as a full-stack engineer, completing multi-step assignments with minimal intervention.<\/p>\n<p>&#8220;We&#8217;re going to start augmenting our workforce with Devin, which is going to be like our new employee who&#8217;s going to start doing stuff on the behalf of our developers,&#8221; Argenti said this week in an interview.<\/p>\n<p>&#8220;Initially, we will have hundreds of Devins [and] that might go into the thousands, depending on the use cases,&#8221; he said.<\/p>\n<p>It&#8217;s the latest indicator of the dizzying speed in which AI is being adopted in the corporate world. Just last year, Wall Street firms including <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\">JPMorgan Chase<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Morgan Stanley<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> were rolling out cognitive assistants based on OpenAI models to get employees acquainted with the technology.<\/p>\n<p>Now, the arrival of agentic AI on Wall Street \u2014 referencing programs like Devin that don&#8217;t just help humans with tasks like summarizing documents or writing emails, but instead execute complex multi-step jobs like building entire apps \u2014 signals a much larger shift, with greater potential rewards.<\/p>\n<p>Tech giants including <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\">Microsoft<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-10\">Alphabet<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> have said AI is already producing about <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-28\/salesforce-says-ai-has-reduced-hiring-of-engineers-and-customer-service-workers\" target=\"_blank\" rel=\"noopener\">30%<\/a> of the code on some projects, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-12\">Salesforce<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> CEO Marc Benioff\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-26\/salesforce-ceo-says-30-of-internal-work-is-being-handled-by-ai\" target=\"_blank\" rel=\"noopener\">said<\/a> last month that AI handles as much as 50% of the work at his company.<\/p>\n<p>At Goldman Sachs, one of the world&#8217;s top investment banks, this more powerful form of AI has the potential to boost worker productivity by up to three or four times the rate of previous AI tools, according to Argenti.<\/p>\n<p>Devin will be supervised by human employees and will handle jobs that engineers often consider drudgery, like updating internal code to newer programing languages, he said.<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108170375\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:52.35602094240838%\">\n<div><button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"><\/circle><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<div>\n<p>Devin, an AI software developer, from a startup called Cognition Labs, which is valued at nearly $4 billion and counts Peter Thiel\u2019s Founders Fund among investors.\n<\/p>\n<p>Courtesy: Goldman Sachs<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Goldman is the first major bank to use Devin, according to Cognition, which was founded in late 2023 by a trio of engineers and whose staff is reportedly <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-12\/cognition-ai-is-a-peter-thiel-backed-coding-assistant\" target=\"_blank\" rel=\"noopener\">stocked<\/a> with champion coders.<\/p>\n<p>In March, the startup <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-18\/cognition-ai-hits-4-billion-valuation-in-deal-led-by-lonsdale-s-firm\" target=\"_blank\" rel=\"noopener\">doubled<\/a> its valuation to nearly $4 billion just a year after the release of Devin. The company counts Peter Thiel and Joe Lonsdale, the prominent venture capitalists and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-16\">Palantir<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> co-founders, among its investors.<\/p>\n<p>Goldman doesn&#8217;t own a stake in Cognition, according to a person with knowledge of the matter who declined to be identified speaking about the bank&#8217;s investments.<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"><\/a>Hybrid workforce<\/h2>\n<div class=\"group\">\n<p>The bank&#8217;s move could spark a fresh round of anxiety on Wall Street and beyond about job cuts as a result of AI.<\/p>\n<p>Executives at companies from <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-17\">Amazon<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> to <a href=\"https:\/\/www.wsj.com\/tech\/ai\/ai-white-collar-job-loss-b9856259?gaa_at=eafs&amp;amp;gaa_n=ASWzDAjVc-OjnmMEPsEPErMyV1m5peIYArL4q1JbxQHm58tkq3VFZTX9Y2wOP-BovOY%3D&amp;amp;gaa_ts=686ff9d7&amp;amp;gaa_sig=3YggkipCOFEmSa5Yaom-Q-l0xT7v7Lf85NdQljs1vZ_CkFVfKkpSAVuYNOERSZEiYIU66IjCLyE2gIoCdG7Gsw%3D%3D\" target=\"_blank\" rel=\"noopener\">Ford<\/a> have grown more candid about what AI will mean for hiring plans. Banks around the world will cut as many as 200,000 jobs in the next three to five years as they implement AI, Bloomberg&#8217;s research arm <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/wall-street-expected-to-shed-200-000-jobs-as-ai-erodes-roles\" target=\"_blank\" rel=\"noopener\">said<\/a> in January.<\/p>\n<p>For his part, Argenti \u2014 who joined Goldman from Amazon in 2019 \u2014 charted out a vision for the near future that he called a &#8220;hybrid workforce&#8221; where humans and AI coexist.<\/p>\n<p>&#8220;It&#8217;s really about people and AIs working side by side,&#8221; Argenti said. &#8220;Engineers are going to be expected to have the ability to really describe problems in a coherent way and turn it into prompts \u2026 and then be able to supervise the work of those agents.&#8221;<\/p>\n<p>While the role of software developer is one that most lends itself to the type of training, called <a href=\"https:\/\/aws.amazon.com\/what-is\/reinforcement-learning\/\" target=\"_blank\" rel=\"noopener\">reinforcement<\/a> learning, that is used to make AI smarter, other roles at a bank aren&#8217;t far off from being automated, according to Argenti.<\/p>\n<p>&#8220;Those models are basically just as good as any developer, it&#8217;s really cool,&#8221; Argenti said. &#8220;So I think that will serve as a proof point also to expand it to other places.&#8221;<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Don\u2019t miss these insights from CNBC PRO<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/07\/11\/goldman-sachs-autonomous-coder-pilot-marks-major-ai-milestone.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newest hire at Goldman Sachs isn&#8217;t human. The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm&#8217;s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":18020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[7279,7280,1498,148,5252,3374,2009,1499],"class_list":{"0":"post-18019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-autonomous","9":"tag-coder","10":"tag-goldman","11":"tag-major","12":"tag-marks","13":"tag-milestone","14":"tag-pilot","15":"tag-sachs"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/18019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18019"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/18019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/18020"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}