Wall Street just hired Devin and he* is not here to fetch coffee.

In a surprisingly innovative move, Goldman Sachs is piloting an AI agent with Cognition's Devin for software development tasks (remember can Devin build Devin?)

I think , this initiative marks a significant shift in how major financial institutions perceive and integrate AI into their operations. Devin, an agentic AI, is similar to Ternary Capital Group's Matt designed to plan, make decisions, and carry out actions based on defined goals and constraints, much like a human employee.

The implications of this development are profound. As a CEO of a Financial Cognitive Agent Company, I see this as a pivotal moment in the evolution of AI in finance. The adoption of AI agents like Devin (or Matt for that matter) does lead to increased efficiency, reduced costs, and enhanced decision-making capabilities within financial institutions.

However, it also raises important questions about the alignment of AI behavior with human values and intentions. The challenge isn’t just to make these agents useful; it’s to ensure they don’t take dangerous shortcuts or misinterpret their objectives in harmful ways.

You can see my research on Game Theory and Agent Reasoning in Finance for a deep dive. As we move towards a future where AI plays a more significant role in the workplace, aligning AI behavior with human values becomes a critical task. 

As we move towards a future where AI plays a more significant role in the workplace, aligning AI behavior with human values becomes a critical task. This pilot by Goldman Sachs is a step towards understanding how we can harness the power of AI while mitigating potential risks.

*Yes, I anthropomorphized Devin on purpose.

Here is the news article: https://www.fastcompany.com/91366706/meet-devin-goldman-sachs-new-ai-software-engineer-that-never-sleeps