What to know

  • Goldman Sachs is testing the viral AI agent Devin as a 'new employee.'
  • The pilot aims to assess Devin's ability to automate coding and internal tasks.
  • This move reflects Wall Street's growing interest in advanced AI for productivity.
  • The experiment could signal broader adoption of AI agents in finance.

Goldman Sachs, one of the world’s leading investment banks, is making headlines by piloting the viral AI agent Devin as a 'new employee', reports CNBC. This experiment is part of the firm’s ongoing push to explore how artificial intelligence can transform the way work gets done in high-stakes financial environments.

Devin, developed by Cognition, has gained attention for its ability to autonomously write code, debug software, and handle complex technical tasks. Now, Goldman Sachs is putting Devin to the test in a real-world corporate setting. The bank is evaluating how well Devin can automate internal workflows, particularly those involving software development and routine coding assignments.

The pilot program is designed to see if Devin can help engineers and analysts at Goldman Sachs save time on repetitive or labor-intensive tasks. By offloading these duties to an AI agent, the firm hopes its human employees can focus on higher-value work that requires creativity and critical thinking.

This move is part of a broader trend on Wall Street, where major financial institutions are racing to integrate advanced AI tools into their operations. The goal is to boost productivity, reduce costs, and stay competitive in a rapidly evolving industry. Goldman Sachs’ willingness to treat Devin as a 'new employee'—rather than just a tool—signals a shift in how companies are thinking about AI’s role in the workplace.

While the bank hasn’t shared detailed results from the pilot yet, the experiment is being closely watched by both the tech and finance sectors. If successful, it could pave the way for more widespread adoption of AI agents like Devin across the financial industry and beyond.