Cognitions AI coding agent Devin has scored a major customer: Goldman Sachs, the banks CIO, Marco Argenti, told CNBC.Were going to start augmenting our workforce with Devin, which is going to be like our new employee, Argenti told the outlet, adding that it plans to roll out hundreds of instances of Devin, potentially growing to thousands.
The bank currently employs around 12,000 human developers, it says.Despite the financial industrys reputation for being slow and stodgy, Goldman Sachs tends to be cutting edge, and its been internally using developer copilots since at least 2024, it said.Devin is an interesting choice.
When Cognition released it last year, it blew up on social media.
Some researchers then found that it struggled with more complex coding work.As of May, Devin is now on version 2.1, and Cognition says it performs best on large codebases that provide it with ample context.Devin wont replace humans at the bank.
Argenti advocates for a hybrid workforce, so instances of it will be supervised by a human and, he hopes, improve their productivity.