Goldman Sachs has announced the integration of an AI developer named Devin, created by the Cognition startup, into its software development process.
AI Developer Devin by Cognition
Devin is an AI software developed by Cognition, a startup founded in 2023, backed by investors like Peter Thiel and Joe Lonsdale. Goldman Sachs announced plans to deploy Devin to enhance its team of 12,000 developers.
Advantages of AI in Development
Devin can perform multi-step tasks including application development and system migration to modern programming languages. Marco Argenti, CIO of Goldman Sachs, noted that AI can significantly increase developers' productivity, executing complex tasks three to four times faster.
Future of Work: Hybrid Model
With Devin’s integration, questions arise about the future of work. Marco Argenti mentioned the concept of a 'hybrid workforce' where humans will manage AI tools. It's anticipated that AI may replace certain jobs, but the final outcomes remain uncertain.
The integration of AI developer Devin into Goldman Sachs represents a new approach to automation, but it also raises questions about the future of the workforce in the financial sector.
