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.”
It’s 2025, and the buzziest underground rap stars are rocking #BEENTRILL snapbacks while unironically penning Tumblr love stories. A Playboi Carti song built around a sample of Rich Kidz’s “Bend Over” spent two weeks on the Billboard Hot 100. And, on Thursday afternoon, Justin Bieber announced that his 7th studio album, succinctly titled SWAG, would be released at midnight. Is it safe to declare it a kushandlyrikz summer?
Bieber seems to have been preparing for one, spending the past few months hitting the studio with Lil B, sparking up to classic Clams Casino beats, and hopping on Instagram Live to preview raw, improvisational snippets over minimalist beats that wouldn’t be out of place on a MySpace-era Soulja Boy mixtape. Though recording sessions for SWAG reportedly concluded in April, it’s not unlikely that its sudden release was influenced by the cultural ubiquity of his awkward and appropriative, yet admittedly iconic catchphrase, “It’s not clocking to you that I’m standing on business,” levied at paparazzi in mid-June. Best to unlock the swag while the iron’s hot.
Despite its title, however, SWAG is free of any sounds even vaguely reminiscent of the ringtone era. Instead, he’s enlisted producers Eddie Benjamin and Carter Lang to provide much of the record’s ’80s-inspired, reverb-laden backing, tapping Mk.gee and Dijon to lend some experimental edge. Compared to Bieber’s previous outings, there’s a distinct emphasis on organic textures and acoustic guitar, aiming for raw intimacy and stadium, or maybe megachurch-sized hooks at the same time. Here are five takeaways from the album.
Sophisti-pop SWAG
SWAG’s production is often cavernous, though not quite in the polished, neon-lit vein of a Weeknd album. Instead, there’s a focus on dusty timbres, blown-out drums, and live instrumentation, all echoing into infinity. Mk.gee’s fingerprints are felt throughout, even when he’s not explicitly credited as a track’s producer, with technically intricate guitar lines weaving through the mix. “First Place” pairs compressed, distorted drum programming with synth leads that would sound at home in an abandoned shopping mall food court, while “Daisies” leans fully into guitar-heavy blue-eyed soul. “Go Baby” occasionally resembles contemporary Bon Iver records with its watery keys and dreamy vocal stacks, which isn’t a huge surprise given their shared collaborator in Dijon.
Cinematic Collabs
Even SWAG’s marquee collaborations with rappers are subject to the moody, spacious sound palette, to strange and inventive effect. On “Way It Is,” Gunna waxes romantic about designer shopping sprees over Vangelis-esque pads, and there’s a definite charm to hearing Sexyy Red’s freaked-out verse echo into an expanse of cinematic synth work. A late-album team-up with Cash Cobain borders on chillwave with its clattering snare rolls and washed-out arpeggios. And is Eddie Benjamin doing a baby-voiced Carti impression on that same track?
The hit medical sitcom “Scrubs” is getting a reboot, and its original stars are on board.
ABC, the network that aired the show’s final two seasons, has ordered another season of the show, it confirmed to CNN on Friday. The new series will be broadcast in 2025-2026, outlets including The Hollywood Reporter and Variety reported on Thursday.
Over on Instagram, the show’s leading trio – Zach Braff, Sarah Chalke and Donald Faison – all posted about the show’s revival, and ABC confirmed their involvement as both actors and executive producers.
Braff – who played daydream-prone protagonist J.D. Dorian – posted his own rendition of the “Scrubs” theme song, tweaking the lyrics to: “I can’t do this all on my own. I need Sarah Chalke and Donald Faison.”
Faison and Chalke both posted throwback photos of the trio with the caption “Hello again,” and “YAY!!!!,” respectively.
“Scrubs” ran for nine seasons between 2001-2010 and told the story of Dorian, a young doctor working at the fictional Sacred Heart Hospital.
His best friend from college, Christopher Duncan Turk, played by Faison, and his on-off love interest Elliot Reid, portrayed by Chalke, are fellow doctors at the hospital.
In the revival, “JD and Turk scrub together for the first time in a long time,” according to a synopsis shared with CNN.
“Medicine has changed, interns have changed, but their bromance has stood the test of time. Characters new and old navigate the waters of Sacred Heart with laughter, heart and some surprises along the way.”
The show’s creator, Bill Lawrence, who later went on to co-create “Ted Lasso” and “Shrinking,” has been teasing the idea of a reboot for years.
“We’re definitely going to do it, just because we’ve all been enjoying hanging out,” he told LadBible in August last year.
“I think we’ll figure it out in the next six months or so what we want to do,” he added.
In a statement sent to CNN on Friday, Lawrence said: “‘Scrubs’ means so very much to me. So excited for the chance to get the band back together.”
World No. 1 Jannik Sinner and No. 2 Carlos Alcaraz are each one win away from meeting in the Wimbledon final, just over a month after their legendary duel at Roland-Garros crown in June. However, they have No. 6 Novak Djokovic and No. 5 Taylor Fritz, respectively, standing in their way in the semifinals on Friday.
Sinner and Djokovic will face each other in the semifinals again after the top-seeded Italian eliminated the 24-time Grand Slam winner in three sets at the French Open. Sinner has yet to drop a set at Wimbledon as he looks to avenge his championship loss to Alcaraz last month. Djokovic, 38, continues to age like fine wine as he scraped his way to the semifinal over the last week and a half.
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Djokovic has won six of the last 10 Wimbledon men’s singles titles, while Alcaraz emerged victorious each of the past two years, beating the Serbian veteran both times.
Alcaraz will face a familiar foe either way should he reach the final, but he first has to get past Fritz. The American has been on a fiery path at Wimbledon, with each match seeing a fourth set, minus a walkover against Jordan Thompson in the round of 16.
Fritz will look to play spoiler for the rest of the semifinalists and get his second straight title after winning the Lexus Westbourne Open in June.
How to watch the Wimbledon men’s singles semifinals
Date: Friday, July 11
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Carlos Alcaraz-Taylor Fritz start time: 8:30 a.m. ET
Jannik Sinner-Novak Djokovic start time: 10:10 a.m. ET
Location: Center Court | All England Lawn Tennis and Croquet Club, Wimbledon, London
TV channel: ESPN | ESPN+ | Disney+
Follow along with Yahoo Sports for live updates, highlights and more from the Wimbledon men’s singles semifinals:
