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

Core Insights - Goldman Sachs is testing an autonomous software engineer named Devin from AI startup Cognition, which is expected to join the firm's 12,000 human developers [1][2] - Devin is designed to operate as a full-stack engineer, completing complex multi-step assignments with minimal human intervention [2][4] - The introduction of agentic AI like Devin represents a significant shift in corporate AI adoption, with the potential for greater productivity and efficiency [3][4] Company Impact - Goldman Sachs plans to initially deploy hundreds of Devins, potentially scaling to thousands based on use cases [3] - The implementation of such advanced AI tools could increase worker productivity by three to four times compared to previous AI technologies [5] - Devin will be supervised by human employees and will take on tasks considered tedious, such as updating internal code to newer programming languages [6] Industry Trends - The rapid adoption of AI in the corporate sector is evident, with firms like JPMorgan Chase and Morgan Stanley already utilizing cognitive assistants based on OpenAI models [3] - Tech giants like Microsoft and Alphabet report that AI is responsible for approximately 30% of the code in some projects, while Salesforce claims AI handles up to 50% of its work [5]