Goldman Sachs Hires First AI Software Engineer Devin for Hybrid Workforce
Goldman Sachs introduces Devin, an AI software engineer, marking a major step toward a hybrid workforce where AI agents collaborate with human employees.
Goldman Sachs has officially "hired" its first AI employee, Devin, a generative AI-based full-stack developer. According to Goldman CIO Marco Argenti in a CNBC interview, Devin will act as a new team member, executing tasks on behalf of human developers. Devin can build entire apps from scratch using natural-language prompts, making it the "first AI software engineer," as described by its creator, Cognition.
The Hybrid Workforce Vision
Devin is part of Argenti’s vision for a hybrid workforce, where AI agents collaborate with human employees. Shanker Ramamurthy, Managing Partner at IBM, highlighted how Devin could boost productivity: "If Devin increases productivity by 20%, Goldman’s 12,000 technologists can operate like 14,400."
AI’s Role in Finance
Finance is seeing the greatest value from AI, with applications like algorithmic trading and options pricing. Ramamurthy provided a hypothetical example: "A commodities trader could ask Devin about the impact of a news item on iron prices, and Devin could respond in half a second—while also building the app to execute the request."
Beyond GitHub Copilot
While tools like GitHub Copilot have revolutionized coding, Devin adds autonomy. Cognition designed Devin to be a "tireless teammate," capable of creating apps end-to-end, debugging, and testing independently. Public demos on YouTube show Devin building apps with just three natural-language prompts.
Industry Reaction
The announcement sparked debate, with some fearing job displacement. However, Argenti emphasized that Devin is a collaborator, not a replacement: "Engineers will need to describe problems coherently and supervise AI agents." Ramamurthy added, "Devin is about reimagining processes—human plus digital agent creates magic."
Key Takeaways:
- Devin is Goldman’s first AI employee, capable of building apps autonomously.
- The hybrid workforce model combines AI and human collaboration for greater efficiency.
- Finance is a prime sector for AI innovation, with Devin streamlining complex tasks.
- Devin’s autonomy sets it apart from earlier tools like GitHub Copilot.
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About the Author
Dr. Sarah Chen
AI Research Expert
A seasoned AI expert with 15 years of research experience, formerly worked at Stanford AI Lab for 8 years, specializing in machine learning and natural language processing. Currently serves as technical advisor for multiple AI companies and regularly contributes AI technology analysis articles to authoritative media like MIT Technology Review.