Goldman Sachs is testing viral AI agent Devin as a ‘new employee’

Cognition’s AI coding agent Devin has scored a significant buyer: Goldman Sachs, the financial institution’s CIO, Marco Argenti, advised CNBC.

“We’re going to begin augmenting our workforce with Devin, which goes to be like our new worker,” Argenti advised the outlet, including that it plans to roll out tons of of situations of Devin, doubtlessly rising to hundreds. The financial institution presently employs round 12,000 human builders, it says. 

Regardless of the monetary trade’s popularity for being gradual and stodgy, Goldman Sachs tends to be innovative, and it’s been internally utilizing developer copilots since no less than 2024, it stated.

Devin is an attention-grabbing alternative. When Cognition launched it final yr, it blew up on social media. Some researchers then discovered that it struggled with extra advanced coding work.

As of Could, Devin is now on model 2.1, and Cognition says it performs finest on massive codebases that present it with ample context. 

Devin gained’t exchange people on the financial institution. Argenti advocates for a “hybrid” workforce, so situations of it will likely be supervised by a human and, he hopes, enhance their productiveness.