Goldman Sachs(US:GS) CNBC Televisionยท2025-07-11 12:24AI Adoption in Finance - Goldman Sachs is testing an autonomous software engineer AI program named Devon, aiming to integrate it with its 12,000 human developers [1] - Wall Street firms like JP Morgan, Goldman Sachs, and Morgan Stanley have implemented OpenAI-based models to familiarize employees with AI technology, functioning as a "ChatGPT for Wall Street" [4] - Agentic AI, exemplified by Devon, can independently plan, code, test, and debug software, representing a significant advancement beyond simple AI assistance [5][6] Cognition Startup - Cognition, an AI startup specializing in Agentic AI, has achieved a valuation of $4 billion within 18 months [8] - Cognition's reasoning model will be combined with Goldman Sachs' proprietary data to enhance the AI's capabilities [9] Data and Training - Banks are leveraging OpenAI's large language models (LLMs) within secure containers, feeding them proprietary data to enhance efficiency [7]