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Goldman Sachs is testing an autonomous AI software engineer from startup Cognition to work alongside its 12,000 human developers, according to CNBC. Cognition claimed Devin was the first AI software engineer and showed it completing full-stack, multi-step tasks with minimal help. Goldman Sachs plans to add Devin to its workforce to assist human developers with tasks. Goldman is the first major bank to adopt Devin, signaling a broader shift on Wall Street toward agentic AI, tools that execute complex, multi-step tasks independently. Goldman tech chief Marco Argenti said Devin could raise productivity three to four times higher than earlier AI tools. Cognition, backed by Peter Thiel and Joe Lonsdale, reached a $4 billion valuation in March.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Goldman Sachs is testing an autonomous AI software engineer from startup Cognition
00:06to work alongside its 12,000 human developers, according to CNBC.
00:11Cognition claimed Devin was the first AI software engineer
00:14and showed it completing full-stack, multi-step tasks with minimal help.
00:18Goldman Sachs plans to add Devin to its workforce to perform tasks for human developers.
00:23Goldman is the first major bank to adopt Devin,
00:25signaling a broader shift on Wall Street toward agentic AI,
00:28tools that execute complex, multi-step tasks independently.
00:32Goldman Tech Chief Marco Argenti said Devin could raise productivity
00:35three to four times higher than earlier AI tools.
00:38Cognition is backed by Peter Thiel and Joe Lonsdale
00:40and reached a $4 billion valuation in March.
00:43For all things money, visit Benzinga.com.

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