Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

Key Points

Goldman 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.
It’s the latest indicator of the dizzying speed in which AI is being adopted in the corporate world.

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Finance

Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more

July 11, 2025

Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

Finance

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

July 11, 2025

Key Points Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building. “This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC. The accusations represent another front on Trump’s ongoing campaign against Powell. Source

Finance

Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more

July 11, 2025

Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also […]