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2025

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Even bank coders are not safe from the threats  of AI

The Lesson from Goldman Sachs' $1,000 Product - Tekedia

Even bank coders are not safe from the threats  of AI:

The adoption of AI continues at dizzying speeds. Goldman Sachs is piloting an autonomous coder from AI startup Cognition that can independently complete complex programming tasks and is expected to join the company's 12,000 human software engineers shortly, CNBC reports. Chief information officer Marco Argenti envisions hundreds or thousands of the AI coder, named Devin, working alongside human developers, but there's anxiety on Wall St. over job cuts. Bloomberg expects AI to eliminate up to 200,000 banking jobs in the next three to five years - LinkedIn News