Goldman Sachs Makes Bold Move with AI Integration
Goldman Sachs, one of the world’s largest investment banks, has officially added an artificial intelligence software engineer named Devin to its global tech team. What makes this announcement more than just a novelty is the growing role AI is set to play in reshaping how global institutions operate. Created by AI startup Cognition, Devin isn’t a human — but it’s been onboarded just like any other employee to work on end-to-end coding tasks, 24/7.
With nearly 12,000 human software engineers already on staff, Goldman Sachs is not replacing jobs — yet. Instead, the firm is exploring how AI like Devin can augment human productivity and lay the groundwork for a new kind of collaborative workplace.
An AI That Codes Like a Human — Or Better?
Devin’s role isn’t limited to assisting developers — it’s being treated as a full-fledged engineer capable of completing software tasks independently. From coding entire features to debugging applications, the AI is designed to perform functions usually handled by entry- and mid-level engineers.
According to Marco Argenti, Chief Information Officer at Goldman Sachs, this move is just the beginning. The bank plans to scale up its AI workforce, deploying hundreds of AI agents like Devin in the near future. These agents are expected to boost overall developer productivity by up to four times, Argenti said.
“We’re preparing for a future where people and AI will work side by side,” Argenti told Fortune. He emphasized that AI won’t replace human thinking, but it will demand a shift in skills: engineers will need to define problems clearly, translate them into prompts, and supervise the output of intelligent agents.
Job Security vs. Innovation: A Delicate Balance
While AI opens doors to greater efficiency, it also raises concerns. Analysts warn that up to 200,000 Wall Street jobs could be displaced over the next 3–5 years due to automation. Entry-level roles, in particular, are at risk as AI systems become more capable of handling routine coding tasks.
Still, Goldman Sachs continues to hire human engineers across the globe. Positions in New York, for example, offer salaries ranging from $115,000 to $180,000 per year. The company maintains that AI will enhance, not eliminate, human talent, especially when integrated responsibly.
Devin Represents a Future Already in Motion
For Argenti, the transition to an AI-augmented workforce is happening now — not in some distant decade. Young professionals entering the job market must be prepared to collaborate with AI, not compete against it. That means learning how to effectively use AI tools to increase productivity and stay relevant.
“The shift to AI will happen in years, not decades,” he said. “Those who master the tools will move ahead. Those who don’t will fall behind.”
Devin’s deployment is a signal that AI isn’t just about chatbots and automation scripts anymore — it’s evolving into a legitimate part of the white-collar workforce.
Conclusion: AI Is Joining the Corporate Ladder
Goldman Sachs’ decision to hire Devin, an AI software engineer, is more than a headline — it’s a turning point in the evolution of work. As industries embrace hybrid human-AI collaboration, companies will increasingly look for tech-savvy talent that knows how to harness these tools, not fear them.
This bold move underscores a future where artificial intelligence enhances decision-making, increases efficiency, and coexists with human expertise. For job seekers, developers, and business leaders alike, the message is clear: adapting to AI is no longer optional — it’s essential.
