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Goldman Sachs autonomous coder pilot marks major AI milestone

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A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025.

Brendan McDermid | Reuters

The newest hire at Goldman Sachs isn’t human.

The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC.

The program, named Devin, became known in technology circles last year with Cognition’s claim that it had created the world’s first AI software engineer. Demo videos showed the program operating as a full-stack engineer, completing multi-step assignments with minimal intervention.

“We’re going to start augmenting our workforce with Devin, which is going to be like our new employee who’s going to start doing stuff on the behalf of our developers,” Argenti said this week in an interview.

“Initially, we will have hundreds of Devins [and] that might go into the thousands, depending on the use cases,” he said.

It’s the latest indicator of the dizzying speed in which AI is being adopted in the corporate world. Just last year, Wall Street firms including JPMorgan Chase and Morgan Stanley were rolling out cognitive assistants based on OpenAI models to get employees acquainted with the technology.

Now, the arrival of agentic AI on Wall Street — referencing programs like Devin that don’t just help humans with tasks like summarizing documents or writing emails, but instead execute complex multi-step jobs like building entire apps — signals a much larger shift, with greater potential rewards.

Tech giants including Microsoft and Alphabet have said AI is already producing about 30% of the code on some projects, and Salesforce CEO Marc Benioff said last month that AI handles as much as 50% of the work at his company.

At Goldman Sachs, one of the world’s top investment banks, this more powerful form of AI has the potential to boost worker productivity by up to three or four times the rate of previous AI tools, according to Argenti.

Devin will be supervised by human employees and will handle jobs that engineers often consider drudgery, like updating internal code to newer programing languages, he said.

Devin, an AI software developer, from a startup called Cognition Labs, which is valued at nearly $4 billion and counts Peter Thiel’s Founders Fund among investors.

Courtesy: Goldman Sachs

Goldman is the first major bank to use Devin, according to Cognition, which was founded in late 2023 by a trio of engineers and whose staff is reportedly stocked with champion coders.

In March, the startup doubled its valuation to nearly $4 billion just a year after the release of Devin. The company counts Peter Thiel and Joe Lonsdale, the prominent venture capitalists and Palantir co-founders, among its investors.

Goldman doesn’t own a stake in Cognition, according to a person with knowledge of the matter who declined to be identified speaking about the bank’s investments.

Hybrid workforce

The bank’s move could spark a fresh round of anxiety on Wall Street and beyond about job cuts as a result of AI.

Executives at companies from Amazon to Ford have grown more candid about what AI will mean for hiring plans. Banks around the world will cut as many as 200,000 jobs in the next three to five years as they implement AI, Bloomberg’s research arm said in January.

For his part, Argenti — who joined Goldman from Amazon in 2019 — charted out a vision for the near future that he called a “hybrid workforce” where humans and AI coexist.

“It’s really about people and AIs working side-by-side,” Argenti said. “Engineers are going to be expected to have the ability to really describe problems in a coherent way and turn it into prompts … and then be able to supervise the work of those agents.”

While the role of software developer is one that most lends itself to the type of training, called reinforcement learning, that is used to make AI smarter, other roles at a bank aren’t far off from being automated, according to Argenti.

“Those models are basically just as good as any developer, it’s really cool,” Argenti said. “So I think that will serve as a proof point also to expand it to other places.”



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Here are the best Prime Day 2025 deals on the final day of the sale

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We made it to the last day of Amazon’s extended Prime Day extravaganza. And, yeah, we’re a little exhausted, but after three days of lightning deals and all-time low prices, there are fewer than 12 hours to go until many of the discounts disappear. So, if you’ve been hesitant to jump on these laptop deals before heading back to school, now’s your time to act. Typically, Prime Day is your last opportunity to take advantage of bottom-dollar prices until Black Friday / Cyber Monday, so it may be a while before you see prices plummet on a gadget you’re interested in buying.

Really, there’s an overwhelming amount of Prime Day deals, so to make things easier to navigate, we’ve organized all of our favorites by category below. That will allow you to quickly find exactly what you’re looking for — or even uncover a deal on something you didn’t know you wanted. You have until Saturday, July 12th, at 3:00 AM ET (that’s Friday, July 11th, at 12:00 AM PT for you West Coast folks), so don’t miss out.

Tablet and e-reader deals

Soundbar and Bluetooth speaker deals

Verge favorites and other miscellaneous deals

Update, July 11th: Added several more deals, including those for Google’s original Pixel Fold, Logitech’s Lift mouse, Oppenheimer on 4K Blu-ray, Sennheiser’s Momentum 4 Wireless, and more.



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Aryna Sabalenka Says It ‘Pissed’ Her Off That American Amanda Anisimova Celebrated Early in Upset Wimbledon Win

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NEED TO KNOW

  • Tennis star Aryna Sabalenka is taking a difficult Wimbledon loss in stride while recounting a few particularly challenging moments during a match against American winner Amanda Anisimova
  • Speaking with reporters later, Sabalenka ultimately laughed off a moment that “pissed” her off during a set, and said she used her feelings as fuel
  • After the loss, Sabalenka tried to focus her remarks on self-reflection and moving forward

Tennis star Aryna Sabalenka is taking a difficult Wimbledon loss in stride while responding to a few particularly tough moments during a match against American winner Amanda Anisimova.

Overall, she accepted the defeat and said Anisimova, 23, “was a better player” that day — but recalled a frustrating instance during a set.

“I was just trying to chase the ball, and yeah, she was already celebrating it, and I was like, ‘I mean, that’s a bit early.’ But then she kind of pissed me off saying, ‘That’s what she [Sabalenka] does all the time,’ ” Sabalenka, 27, told reporters.

Still, she tried to channel the moment as fuel going forward.

“It actually helped me to keep fighting, and I’m like, okay, now I’m going to show you the tennis, you know? So I came back because I got really angry in that moment. So probably in the third set, I should’ve remembered,” she said, laughing off the moment.

Sabalenka lost the semifinal match to Anisimova in three sets, 6-4, 4-6, 6-4.

In response to a reporter’s question, the Belarusian pro, ranked No. 1 in the world, addressed another tense moment when the ball hit the net and dropped over.

“For sure she didn’t hear me, but I was just like, ‘You don’t want to say sorry?’ But she just wanted, I guess badly, to win this match and it’s on her,” Sabalenka said. “If she doesn’t feel like saying sorry, like she barely got that point and she didn’t feel like saying sorry for that tricky situation, that’s on her.”

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The two women embraced each other after their competition on Thursday, July 10. Following the loss, Sabalenka tried to focus her remarks on self-reflection and moving forward.

“Still a lot of things to be proud of, and this experience shows that next year I’m only hungrier and angrier and it’s only these tough defeats help me to come back much stronger, so I have huge hopes for the next year,” she said with a smile.



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Walmart recalls 850,000 water bottles after two consumers suffer vision loss from ejecting caps

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NEW YORK (AP) — Walmart is recalling about 850,000 stainless steel water bottles because the lid can “forcefully eject” and unexpectedly strike consumers — resulting in permanent vision loss for two people to date.

The recall covers Walmart’s “Ozark Trail 64 oz Stainless Steel Insulated Water Bottles,” which have been sold at the chain’s stores across the country since 2017. According to a notice published by the U.S. Consumer Product Safety Commission on Thursday, these products pose “serious impact and laceration hazards.”

That’s because when a consumer attempts to open the bottles “after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time,” the lid can eject forcefully, the CPSC notes.

As of Thursday’s announcement, Walmart had received three reports of consumers who were injured after being struck in the face by these lids when opening their bottles. And two of those people “suffered permanent vision loss after being struck in the eye,” the CPSC added.

Consumers are urged to stop using the now-recalled Ozark Trail bottles — and contact Walmart for a full refund. Shoppers can also bring the products to their local Walmart store for that compensation.

The bottles being recalled can also be identified by their model number, 83-662 — which doesn’t appear on the product itself, but would show on packaging. The stainless-steel base is silver and the lid is a black, one-piece screw cap. There is also an Ozark Trail logo embedded on the side of the 64-ounce bottle.

The Associated Press reached out to Walmart for further comments on Friday.





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