institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

NEW YORK, JUL 11 – Goldman Sachs aims to triple developer productivity by integrating Devin, an autonomous AI software engineer that handles complex coding tasks alongside human engineers.

  • On May 7, 2025, Goldman Sachs introduced Devin, an AI-based software engineer created by the startup Cognition, during an event at the New York Stock Exchange.
  • Goldman Sachs adopted Devin following prior use of AI copilots and inspired by industry-wide AI rollout by firms like JPMorgan Chase and Morgan Stanley.
  • Devin operates as a full-stack engineer completing complex multi-step coding tasks with minimal human input while being supervised by human developers.
  • Goldman Sachs intends to initially introduce several hundred Devin AI agents, with the possibility of increasing the number to thousands, as CIO Marco Argenti highlights the collaboration between human employees and AI in a hybrid workforce model.
  • This integration signals a major shift in financial services aiming to boost productivity and innovation, although it may lead to job cuts as AI adoption accelerates.
Insights by Ground AI
Does this summary seem wrong?

15 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC Chicago broke the news in Chicago, United States on Friday, July 11, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.