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SoFi Doubles Down on AI Despite Market Pullback
Bloomberg Technology· 2026-07-29 18:41
Sophie reporting second quarter results. Before the opening bell, the company posted record revenue $1.2% billion but also raised its full year revenue outlook. The bit that is unchanged is the earnings guidance.Look at shares down 8.4% right now on track as it stands for its biggest drop since late April. There had been a deeper decline earlier in the session. Joining us now is SoFi CEO Anthony Noto.Um, record revenue and the outlook for the balance of this year. It's really interesting like projects a lot ...
SoFi CEO explains three ways AI has impacted the company
Bloomberg Television· 2026-07-29 18:28
Where is AI having an impact, you know, across underwriting, customer service, fraud detection, something that's real right now. >> Yeah. The first thing where it's having an impact is actually on code production.We're we have a unit of work within our engineering uh group called a squad. And historically, a squad consists of seven people. Today, a squad is going to consist of four people that can produce the same amount of code as seven people.So, that's a huge productivity savings from AI capabilities. It ...