Goldman Sachs Tests Its First AI Software Engineer in Big Step for Wall Street July 11, 2025 – Goldman Sachs is testing an AI-powered software engineer named Devin, which could soon work alongside its 12,000 human developers. This is a major milestone in Wall Street’s adoption of artificial intelligence. What Is Devin? Devin is an autonomous AI coder created by startup Cognition Labs. Last year, Cognition claimed Devin was the world’s first AI software engineer, able to handle complex coding tasks with little human help. Goldman’s tech chief, Marco Argenti, says the bank plans to start with hundreds of Devins and could scale up to thousands if successful. How Will Devin Help Goldman Sachs? [object Object], [object Object], [object Object] AI Is Taking Over More Jobs in Finance Goldman isn’t alone, big companies like Microsoft, Google, and Salesforce already use AI for 30-50% of their coding work. Some fear AI could lead to job cuts. A Bloomberg report predicted banks may slash 200,000 jobs in the next few years due to AI. But Argenti says the future is a "hybrid workforce", where humans and AI work together. Who Created Devin? Cognition Labs, founded in late 2023, is now worth $4 billion. Its investors include Peter Thiel (co-founder of PayPal and Palantir). Goldman does not own a stake in the company. If Devin succeeds at Goldman, AI could soon automate other banking jobs. For now, engineers will need to learn how to manage AI assistants, giving clear instructions and reviewing their work. The bottom line: AI is changing finance fast, and Goldman Sachs is leading the way. Will this mean fewer jobs or just smarter work? Time will tell.
