All articles tagged with #engineering productivity
Block cut about 40% of its staff, shrinking from roughly 10,000 to just under 6,000, while saying AI tools have enabled a weeks‑worth of engineering work to be completed in a fraction of the time. Dorsey says the company will still hire senior AI engineers to boost product and engineering capabilities, and the stock rose after hours.
Goldman Sachs's Chief Information Officer, Marco Argenti, believes that AI is a profound disrupter that could revolutionize not only the financial industry but all digital and knowledge industries. Argenti sees AI as a translator between coders and computers, boosting engineering productivity. He envisions large language models being used to summarize relevant news and deliver it to bankers, along with client impact and talking points. The challenge lies in ensuring the safety and accuracy of the information shared. Argenti emphasizes that technology is no longer just a back-office function but a driver of competitive advantage and the strategic agenda of firms.