Invest Like the Best with Patrick O'Shaughnessy

Scott Wu - Building Cognition - [Invest Like the Best, EP.402]

351 snips
Dec 17, 2024
Scott Wu, co-founder and CEO of Cognition, discusses his groundbreaking AI software engineer, Devin, which is evolving to complete comprehensive coding tasks. He envisions AI democratizing software creation, tackling the bottlenecks in development, and potentially outperforming top programmers soon. Alongside Katie Ellenberg from Geneva Capital Management, they explore how Ridgeline is reshaping investment operations. The episode also features Scott showcasing an impressive card trick, adding a fun twist to the tech talk!
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ANECDOTE

Devin for Code Modernization

  • Companies used Devin for re-platforming, modernizing, and upgrading decades-old code.
  • One bank found that every hour spent using Devin was equivalent to 8-12 hours of manual work.
INSIGHT

Asynchronous vs. Synchronous Workflows

  • Code assistants offer a synchronous 10-20% improvement in speed.
  • Devin enables asynchronous workflows, offering a potential 10x improvement for specific tasks.
INSIGHT

The Essence of Software Engineering

  • Software engineering is the art of instructing computers.
  • AI serves as the next-gen human-computer interface, translating human desires into efficient code.
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