The renowned financial institution is set to use an AI assistant in roles traditionally held by company employees.
Goldman Sachs has become one of the first major clients of Cognition’s AI coding assistant named Devin. Marco Argenti, Chief Information Officer at Goldman Sachs, told CNBC that the bank plans to deploy hundreds of instances of Devin in its work environment—a number that could scale into the thousands.
Argenti stated, “We are adding Devin to our team as if it were a new employee.” Currently, Goldman Sachs employs around 12,000 human developers.
Known for adopting cutting-edge technologies, Goldman Sachs has been using AI coding tools internally since 2024.
Devin, the AI agent introduced last year, garnered significant attention on social media. However, some researchers at the time pointed out that Devin faced challenges when handling complex projects.
According to Cognition, version 2.1 of Devin, released last month, performs better on projects with large codebases where the model has sufficient contextual information.
Argenti emphasized that the goal of using Devin is not to replace human workers. Instead, the bank aims to foster a collaborative environment where humans and AI work together—Devin will operate under the supervision of human developers to help improve their productivity.
