AI software engineer to 'start doing stuff on the behalf of our developers'
Goldman Sachs will introduce an artificial intelligence tool as a "new employee" for the multinational investment bank, according to reports.
Marco Argenti, chief information officer of Goldman Sachs, said the company will introduce to their workforce the programme, named Devin, which has been dubbed as the "first AI software engineer."
"We're going to start augmenting our workforce with Devin, which is going to be like our new employee who's going to start doing stuff on the behalf of our developers," Argenti told CNBC.
According to the CIO, Devin will handle work such as updating internal code to newer programming languages. However, it will remain supervised by the company’s human employees.
Devin is developed by AI startup Cognition, which claims it is the world’s first fully autonomous AI software engineer.
"Devin is a tireless, skilled teammate, equally ready to build alongside you or independently complete tasks for you to review," said Scott Wu, co-founder of Cognition, on the company's website.
"With Devin, engineers can focus on more interesting problems and engineering teams can strive for more ambitious goals."
According to Wu, Devin can plan and execute complex engineering tasks, recall relevant context, learn over time, and fix mistakes.
Argenti said Devin's deployment at Goldman Sachs may scale into thousands.
"Initially, we will have hundreds of Devins [and] that might go into the thousands, depending on the use cases," he said.
The CIO made the remarks as he noted that other roles at the bank may also get automated.
"Those models are basically just as good as any developer, it's really cool," he told CNBC. "So I think that will serve as a proof point also to expand it to other places."
Goldman Sachs joins the list of employers introducing AI tools to support their workforce. Last year, Citigroup also started deploying two AI tools to simplify work for staff.
