Coinbase, a leading cryptocurrency exchange, is reporting a significant increase in the proportion of its code generated by artificial intelligence. CEO Brian Armstrong highlights the importance of AI in engineering processes.
Impact of AI on Coinbase Code
According to Brian Armstrong, over 40% of Coinbase's code is now written using artificial intelligence. He expects this figure to rise to 50% in the coming weeks. AI-generated code, as Armstrong noted, requires human review, but it has already become an integral part of the company's engineering processes.
Transforming Employees into 'AI-Natives'
Following this milestone, Coinbase announced plans to transform its 4,200-strong workforce into 'AI-Natives'. This signifies a strategy to enhance productivity without job cuts. Armstrong has also stated that engineers unwilling to adopt new technologies were dismissed shortly after the internal AI directive was introduced.
Hiring Expansion and Job Market Changes
Despite concerns over potential job displacement due to AI, Coinbase is actively expanding its hiring. Nearly half of its 350 job listings are for engineering positions, including 93 back-end developer roles with a focus on AI integration. Previously, the job market had seen growth in openings, but currently, hiring remains tight due to the rapid rise of AI.
Thus, Coinbase continues to actively invest in artificial intelligence technologies, reshaping workflows and adapting its team to new industry standards.
