The latest rental rental at Goldman Sachs is not human.
The bank tests an autonomous software engineer from the cognition for artificial intelligence startup, which is expected to follow the company's 12,000 human developers, the Goldman -Tech boss Marco Argenti told CNBC.
The program called Devin became known in technology circles last year. The assertion of the cognition of creating the first KI software engineer in the world. Demo videos showed that the program worked as a full stack engineer and has completed multi-stage assignments with minimal interventions.
“We will start expanding our workforce with Devin, which will be like our new employee who will start on behalf of our developers,” said Argenti this week in an interview.
“In the beginning we will have hundreds of Devins [and] Depending on the application, this could go into thousands, “he said.
It is the latest indicator of the dizzying speed at which AI is adopted in the corporate world. Only last year the Wall Street companies including the companies JPmorgan Chase And Morgan Stanley We used cognitive assistants based on Openai models to get to know the technology employees.
Well, the arrival of the Agenten-KI on Wall Street reference of programs such as Devin, which not only help people to combine tasks, such as writing documents or writing emails, but also performing complex multi-stage jobs such as building entire apps a much greater postponement with larger potential rewards.
Tech giants including Microsoft And alphabet AI said about 30% of the code for some projects and already produces and produces around 30% of the code Salesforce CEO Marc Benioff said last month that AI treated up to 50% of the work in his company.
At Goldman Sachs, one of the world's leading investment banks, this more powerful form of AI has the potential to increase the productivity of employees by up to three or four times the rate of earlier AI tools.
Devin is supervised by human employees and will deal with jobs who often consider engineers, e.g. B. the update of the internal code to recent programming languages, he said.
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Devin, an AI software developer, from a startup called Cognition Labs, which has a value of almost 4 billion US dollars, Peter Thiel's start -up fund is among investors.
With kind permission: Goldman Sachs
Goldman is the first large bank to use Devin, according to the cognition, which was founded by a trio by engineers at the end of 2023 and whose employees are reportedly equipped with champion coders.
In March, the startup doubled its evaluation just one year after the publication of Devin to almost 4 billion US dollars. The company has Peter Thiel and Joe Lonsdale, the prominent risk capital providers and Palantir Co -founder among his investors.
Goldman does not have a cognition, according to a person who knows the matter who refused to talk about the bank's investments.
Hybrid workforce
The bank's step could trigger a new fear on Wall Street and also in relation to work cuts by AI.
Managers of companies of Amazon Ford has become more open about what KI will mean for attitude plans. Banks all over the world will reduce up to 200,000 jobs in the implementation of AI in the next three to five years, said Bloomberg's research arm in January.
Argenti, who came from Amazon from Amazon to Goldman in 2019, has published a vision for the near future, which he described as the “hybrid workforce”, in which people and AI coexist.
“It is really about people and people work side by side,” said Argenti. “It is expected that the engineers have the ability to really describe problems in a coherent way and to transform them into requests … and then to be able to monitor the work of these agents.”
While the role of the software developer plays a role that is suitable for the type of training that is suitable as a learning learning, according to Argenti it is not far from making AI more intelligent.
“These models are basically just as good as every developer, it is really cool,” said Argenti. “I think this will serve as proof of expanding it to other places.”