Goldman Sachs is hiring an AI software engineer. The bot’s name: Devin. It comes from startup Cognition, which claims Devin is the world’s first autonomous AI coder. Goldman’s CTO, Marco Argenti, told CNBC Devin will join their 12,000 human developers soon.
Devin handles full-stack engineering tasks with little human input. Demo videos showed it completing multi-step assignments on its own. Argenti said:
"We’re going to start augmenting our workforce with Devin, which is going to be like our new employee who’s going to start doing stuff on the behalf of our developers."
He added Goldman plans to deploy hundreds of Devins at first, possibly thousands.
This marks a big leap on Wall Street, where AI usually assists with tasks like writing emails or summarizing docs. Devin executes complex jobs like building apps.
Tech giants including Microsoft, Alphabet, and Salesforce say AI already writes up to 30-50% of their internal code.
At Goldman, Devin will focus on boring, repetitive work—such as updating legacy code—to boost productivity by three to four times compared to prior AI tools.
Devin comes from Cognition Labs, founded in 2023 and valued at nearly $4 billion. Big-name investors include Peter Thiel’s Founders Fund and Palantir co-founders Joe Lonsdale and Thiel. Goldman does not hold a stake in Cognition.
Banks are bracing for AI-led job cuts. Bloomberg predicts 200,000 Wall Street positions could vanish in 3-5 years. Argenti painted a future where humans and AI workers team up:
"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."
Devin is just the start — Goldman aims to expand AI automation to other roles soon. The hybrid AI-human workforce is arriving fast.
