TechCrunch Startup News Goldman Sachs is testing viral AI agent Devin as a ‘new employee’ ... and more
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Jul 14, 2025 Goldman Sachs is testing an AI agent named Devin to boost efficiency without replacing human developers. The discussion reveals how AI can enhance decision-making in traditional industries. Sarah Smith shares insights on her new $16M fund, expressing excitement about AI's potential to empower solo general partners. The conversation highlights the transformative role of technology in the finance and investment landscapes.
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Goldman Sachs Embraces AI Developers
- Goldman Sachs is integrating Devin, an AI developer co-pilot, as a 'new employee' to augment their large developer workforce.
- This hybrid approach boosts productivity without replacing human developers, reflecting the bank's cutting-edge tech strategy.
Sarah Smith Boosts Solo GP Efficiency
- Sarah Smith, a solo GP, raised $16M for her fund and credits AI for transforming how she operates.
- She used AI to lead a values articulation project in 2-3 hours instead of 20, exemplifying AI's efficiency for small teams.
AI Transforms Solo Investing
- AI enables small investment firms to scale portfolios by delivering 10x value in one-tenth the time.
- Early-stage investing becomes more feasible solo, reducing reliance on committee approvals and streamlining decision-making.