The CEO of a multi-billion-dollar tech firm says banking giants Goldman Sachs and Citibank are among the firms relying on artificial intelligence (AI) to boost workflow.
In a new interview on the A Cheeky Pint YouTube channel, Cognition AI chief executive Scott Wu says its artificial intelligence engineer Devin is now being used by companies big and small across the world.
Devin is Cognition’s AI software engineer that has the capabilities to read, write, test, and deploy code end-to-end. It functions like a junior to-mid-level engineer on a software team, working alongside humans but automating repetitive or time-consuming coding tasks.
According to Wu, Devin is now being trusted by thousands of firms to review and approve core updates to live software, a process known as merging pull requests, a task usually reserved for human engineers.
“Yeah, so Devon is deployed in thousands of companies all over the world. We work with some of the biggest banks in the world, like Goldman and Citibank, all the way down to startups with two or three people.
And in general, a lot of how we look at things is in terms of merge pull requests and getting Devin to the point where it is a significant percentage of the merge pull requests in an org.
Typically in a successful org, Devin is merging something in the range of like 30 to 40% of all the pull requests that come through.”
Cognition AI is a San Francisco startup founded in 2023 by programming champions Scott Wu, Steven Hao, and Walden Yan. Backed by Peter Thiel’s Founders Fund, along with 8VC, Khosla Ventures, Conviction Partners, and others, Cognition has quickly scaled from a $350 million valuation in early 2024 to nearly $10 billion by August 2025 after raising a $500 million round.
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