💼 Wall Street Hires Its First AI Employee: Goldman Sachs Deploys Autonomous Coder “Devin”
- NewBits Media
- 4 days ago
- 2 min read
The newest developer at Goldman Sachs isn’t human.
The Wall Street giant just began piloting its first fully autonomous AI software engineer, marking a major leap in the corporate AI race.
Meet Devin, an AI agent from startup Cognition, known as the world’s first AI software engineer. Devin can write code, debug, build full-stack apps, and handle multi-step engineering tasks with minimal human input—making it more than just a coding assistant. It’s an agentic AI, capable of autonomously executing complex projects.
🛠️ What Devin Can Do
Write & deploy full-stack code
Update legacy systems to modern programming languages
Handle engineering “drudge work” autonomously
Scale: Goldman plans to deploy hundreds, potentially thousands, of Devins over time
⚙️ Why It’s Important
This isn’t ChatGPT writing boilerplate code.
It’s AI actively working on Wall Street, executing multi-step, unsupervised software builds—a shift that could triple or quadruple productivity, according to Goldman tech chief Marco Argenti.
Other tech giants have said AI writes 30% to 50% of their code. Now, Goldman is going further by hiring AI developers directly into its workforce.
💸 The Players Behind Devin
Cognition, founded in 2023, has quickly become one of AI’s rising stars.
Backed by Peter Thiel and Joe Lonsdale (Palantir co-founders).
In March, the startup doubled its valuation to nearly $4 billion, just a year after Devin’s release.
⚡ A Hybrid Workforce with AI Employees Is Coming
Goldman says this is just the start.
Devin will be supervised by human engineers for now, but this pilot could spark wider adoption across finance, tech, and beyond.
Argenti envisions a future where employees describe problems as prompts while AI handles the execution—blurring the lines between coder and overseer.
🧨 What About Jobs?
AI-driven automation is already forcing tough conversations:
Bloomberg estimates banks could cut up to 200,000 jobs in the next 3–5 years due to AI.
Leaders from Amazon to Ford are becoming more candid about AI’s impact on hiring.
For now, Goldman frames this as augmentation, not replacement—but the era of the hybrid workforce is officially here.
🔮 Bottom Line
Wall Street’s first AI employee is already on the clock.
Devin isn’t just writing code—it’s changing the way Goldman Sachs (and soon, other firms) think about work itself.
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