Goldman Sachs' newest software engineer is named Devin, and it's an AI program.
🤖 The firm has been testing Devin and soon plans to add it to its 12,000-strong team of warm-blooded developers, Goldman tech chief Marco Argenti told CNBC.
Between the lines: Argenti told CNBC that Devin will help developers with annoying tasks like updating internal code.
"Initially, we will have hundreds of Devins [and] that might go into the thousands, depending on the use cases," he said.
Zoom in: Devin was created by Cognition, an AI startup backed by Peter Thiel and Joe Lonsdale.
It's an agentic AI, or a system designed to act autonomously. According to Nvidia, that means a system that uses "sophisticated reasoning and iterative planning to autonomously solve complex, multi-step problems."
What we're watching: Goldman is the first major bank to use Devin, according to Cognition.
