Goldman Sachs has taken a significant step into the world of artificial intelligence (AI) by piloting an autonomous software engineer named Devin from Cognition. This marks a major milestone in the integration of AI technology into the workforce, as Devin is capable of completing multi-step tasks with minimal human intervention.
According to reports, Devin can handle tasks such as updating code, and has already boosted productivity by 3-4 times. This level of efficiency could have significant implications for the job market, with some estimates suggesting that banks may cut up to 200,000 jobs in the next 3-5 years due to AI implementation.
Cognition, the company behind Devin, has seen its valuation double to nearly $4 billion since March, with investors such as Peter Thiel and Joe Lonsdale backing the venture.
Zito
@_Zeets
·
May 7 This isn’t just about higher-ed. This is about human beings who have outsourced their brains. And it’s not school where this issue is, you have it happening in all creative and technical fields.
The current administration is using AI to write executive orders.
LV Nilesh
@LVNilesh
·
Jun 7 I visited my friend for lunch at Microsoft. He seems to have mandated every developer to use AI first before manually attempting any new task. This is leading to cost estimates for many tasks being reduced from 40 weeks down to under 10 on average.
I see more layoffs.
Cline
@cline
·
Jun 6 Remember when AI coding meant tab autocomplete? The human did 95% of the work.
Today’s AI coding agents can search codebases, write modules, refactor systems. AI has eaten up nearly the entire coding pie.
So what’s left for humans? Intent.
Dan Mac
@daniel_mac8
·
Jul 6 @thorstenball
on ‘Changelog’ talking about how ai coding agents change software dev
highlights:
>> the first time he felt the agi
>> 90% of what engineers used to do is useless.
the other 10% is 100x’d
>> lower barrier of entry and how you can build what you wouldn’t
Wes Roth
@WesRothMoney
·
Jun 16 The AI job squeeze is no longer theory — it’s hitting real workers.
HR managers, software engineers, translators — all sharing stories of being laid off as AI automates more white-collar work.
Some are turning to gig work after 20+ year careers.
As one engineer said:
“AI is a
Matt Watson
@mattwatsonkc
·
21h Your devs aren’t the bottleneck anymore.
So why is your process still built like they are?
AI sped up delivery. Now the real constraint is clarity.
If you’re still treating requirements like paperwork, you’re already behind.
Get the full article: https://buff.ly/SA9UhYh
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