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Robinhood CEO says the majority of the company's new code is written by AI, with 'close to 100%' adoption from engineers

Robinhood CEO says the majority of the company's new code is written by AI, with 'close to 100%' adoption from engineers

Yahoo17-07-2025
Robinhood CEO Vlad Tenev estimates that "a minority" of the company's new code is written by humans.
On the 20VC podcast, Tenev said that it's become difficult to distinguish human-written from AI-generated code.
He said the company has used tools like GitHub Copilot, Cursor, and Windsurf, and nearly 100% of his engineers use an AI editor.
At Robinhood, nearly all of the engineers are vibe coders.
That's according to Robinhood CEO Vlad Tenev, who said on the 20VC podcast that the company's human-written code was hard to distinguish from AI-generated code. Among the company's engineers, "close to 100%" are using AI code editors, he said.
When asked what percentage of Robinhood's new code is AI-generated, Tenev said that it was around 50%. That's a higher percentage than what Microsoft and Google have previously said, with CEOs Satya Nadella and Sundar Pichai estimating around 30%.
Tenev acknowledged that the 50% metric was imprecise, thanks to the upgrowth of "agentic" code editors.
"We've moved from GitHub Copilot, which is an autocomplete system, to Cursor, and now things like Windsurf, where nearly all of the code is written by AI," Tenev said. "It's hard to even determine what the human-generated code is."
Taking a guess, Tenev estimated the "minority" of new code at Robinhood was written by humans.
Robinhood's stock price has been on a tear, trading up over 177% since the start of the year, with multiple factors driving its recent rally. Robinhood expanded its crypto venture by launching US private-stock tokens. Retail investors on Robinhood remain active, and the company continues to roll out new products like a predictions-market hub.
On 20VC, Tenev said AI had contributed to the company's cost and efficiency stabilization, he said.
"We have been pretty mum on how much we've been using it internally," Tenev said. "The impact that it's had on internal teams, ranging from software engineering to customer support, the really big internal teams, has been huge."
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An API (Application Programming Interface) allows different software applications to communicate with each other. A converter that offers API access is providing a way for you to integrate their conversion service directly into your own websites, applications, or automated scripts. For example, a developer could write a script that automatically watches a folder for new AVIF uploads. When a new file appears, the script uses the API to send the file to the converter, gets the converted JPG back, and then places it in the correct directory on a web server. This entire process happens automatically, with no manual intervention required. An e-commerce platform could use an API to allow its users to upload AVIF images for their products, and the platform's backend would automatically convert them to JPG and WebP to serve to different browsers. API access turns the converter from a manual tool into a programmable, automated component of a larger system, enabling incredible efficiency and scalability. In an age of data breaches and privacy concerns, it's natural to be cautious about uploading your files to an unknown website. The question 'Is this safe?' is one you should always ask. The internet is filled with myths and legitimate concerns about online tools, and it's important to separate fact from fiction. The reality is that the safety of an online converter depends entirely on the provider. Reputable, professional services take security and privacy very seriously, as their business reputation depends on it. Disreputable or poorly managed sites, on the other hand, can pose a risk. By learning what to look for, you can confidently use these incredibly helpful tools without putting your data in jeopardy. Let's address some of the most common concerns. We touched on this earlier, but it's worth a deeper dive. The Privacy Policy is your contract with the service. While most of us are guilty of scrolling past these long legal documents, when it comes to a file converter, there are two sentences that matter more than all the others. You want to find the section on 'Data Retention' or 'File Handling.' A trustworthy policy will state something like: 'All uploaded and converted files are automatically deleted from our servers within 1-2 hours of processing.' This is the gold standard. It means the service has an automated script that purges files regularly. This protects you in two ways: it prevents the service provider from ever accessing or using your files for other purposes, and it means that even if the service were to suffer a security breach, your files wouldn't be there to be stolen. If a service's policy is vague, stating they 'may' delete files or doesn't mention a specific timeframe, it's a red flag. No privacy policy at all is a deal-breaker. 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They are financially and reputationally motivated to keep their promises. In contrast, a hobbyist site or a site plastered with spammy ads may not have the same incentives or technical resources to ensure your privacy. We know that AVIF is newer and more efficient, but what does that mean on a technical level? For those who are curious about the 'why' behind the performance, understanding the different technologies at play can be fascinating. It's like looking under the hood to see why one engine outperforms another. This comparison isn't just academic; it helps explain why the conversion is necessary and why certain artifacts might appear. The fundamental difference lies in the compression algorithms and the feature sets that each format supports. JPG was designed for a different era of technology, and while brilliant for its time, AVIF was built from the ground up to leverage the last three decades of progress in video and image compression. The heart of any image format is its compression algorithm. This is the set of rules that decides how to shrink the file size. JPG uses a Discrete Cosine Transform (DCT)-based algorithm. DCT works by breaking the image into 8×8 pixel blocks and then analyzing the frequency of changes within that block. It's very good at compressing smooth gradients and photographic textures but can struggle with sharp lines or complex details, which is where you sometimes see those blocky or fuzzy artifacts, especially at low quality settings. It's a technology from the late 1980s and, while effective, it's relatively simple by today's standards. DCT works by breaking the image into 8×8 pixel blocks and then analyzing the frequency of changes within that block. It's very good at compressing smooth gradients and photographic textures but can struggle with sharp lines or complex details, which is where you sometimes see those blocky or fuzzy artifacts, especially at low quality settings. It's a technology from the late 1980s and, while effective, it's relatively simple by today's standards. AVIF uses a compression algorithm derived from the AV1 video codec. This is a massive leap forward. The AV1 codec is the result of a collaborative effort by the biggest names in tech to create the next generation of video compression. Because modern video codecs are incredibly good at predicting what a frame will look like based on the previous one, the same principles can be applied within a single image. AVIF uses advanced techniques like variable block sizes (not just 8×8), sophisticated intra-prediction, and various filtering methods to represent the image data far more efficiently than DCT. This is why it can achieve the same visual quality as a JPG at a fraction of the file size. For more technical details, the Wikipedia page on AVIF is an excellent resource. Beyond compression, AVIF supports a range of modern features that JPG simply cannot. Color Depth: JPG is traditionally limited to 8-bit color depth, which means it can represent 16.7 million colors. This sounds like a lot, but for high-end photography and HDR content, it can lead to 'banding' in smooth gradients (like a clear blue sky). AVIF supports 10-bit and even 12-bit color depth, allowing for over a billion colors. This results in smoother gradients, richer tones, and is essential for displaying HDR images properly. JPG is traditionally limited to 8-bit color depth, which means it can represent 16.7 million colors. This sounds like a lot, but for high-end photography and HDR content, it can lead to 'banding' in smooth gradients (like a clear blue sky). AVIF supports 10-bit and even 12-bit color depth, allowing for over a billion colors. This results in smoother gradients, richer tones, and is essential for displaying HDR images properly. Transparency: This is a simple but critical difference. JPG does not support transparency. If you need a logo with a transparent background, you have to use a format like PNG or GIF. AVIF, however, has a full alpha channel, meaning it supports transparency just like a PNG. This makes AVIF a potential replacement for both JPG and PNG, as it can handle photographic images and graphics with transparency in one highly efficient format. This is a simple but critical difference. JPG does not support transparency. If you need a logo with a transparent background, you have to use a format like PNG or GIF. AVIF, however, has a full alpha channel, meaning it supports transparency just like a PNG. This makes AVIF a potential replacement for both JPG and PNG, as it can handle photographic images and graphics with transparency in one highly efficient format. Animations: AVIF can even support animated sequences, much like a GIF. This makes it a potential 'do-it-all' format for the web, capable of handling static images, transparent graphics, and simple animations within a single specification. Just when you thought you had a handle on AVIF vs. JPG, another name often enters the conversation: WebP. Developed by Google and released in 2010, WebP was another attempt to create a more efficient successor to JPG. For a long time, it was the primary 'next-gen' format, offering significant file size savings over JPG. WebP sits somewhere between JPG and AVIF in terms of both age and efficiency. It's more advanced than JPG but generally less compressive than the newer AVIF format. It gained widespread browser support before AVIF, so it's very common to find WebP images across the web today. Understanding its place in the ecosystem is helpful for any web creator. Many of the same compatibility issues that plague AVIF can also apply to WebP, though to a lesser extent due to its age. This is a common question among web developers. The general consensus, based on numerous studies, is that AVIF offers superior compression. For a given level of visual quality, an AVIF file will typically be smaller than a WebP file. The difference can be anywhere from 20% to 30% or more, depending on the image content. This makes AVIF the top choice for performance-obsessed developers looking to squeeze every last kilobyte out of their page weight. However, the decision isn't always that simple. WebP has been around longer and enjoys slightly more universal support, especially in older versions of some software and browsers. You can check the current browser support status for both formats on a site like Can I use…. For developers, the best strategy is often to serve multiple formats. A modern web server can be configured to check what formats the user's browser supports. If it supports AVIF, it serves the AVIF file. If not, it checks for WebP support and serves that. If neither is supported, it falls back to the universally compatible JPG. This ensures the fastest possible experience for everyone. For the end-user, though, both AVIF and WebP present the same potential problem: you might save an image you can't open locally, reinforcing the need for a good online converter. While online converters are fantastic for their convenience and accessibility, there might be situations where you'd prefer an offline solution. Perhaps you're working without an internet connection, you have a very large batch of files to convert and don't want to deal with upload times, or you have strict privacy requirements that prevent you from uploading files to any third-party service. In these cases, you can turn to traditional desktop software. Many image editing and viewing applications have been updated to support the AVIF format. This allows you to open AVIF files directly and then use the software's 'Save As' or 'Export' function to save them in the JPG format. This method gives you a high degree of control over the conversion process and keeps all your data entirely on your local machine. For those who already have powerful image editing software installed, this is often the easiest offline route. Adobe Photoshop: Newer versions of Photoshop have started to add support for AVIF. You may need to ensure your Creative Cloud subscription is up to date. Once supported, the process is simple: open the AVIF file, go to File > Save a Copy , and then select 'JPEG' from the format dropdown menu. This will bring up Photoshop's standard JPG options dialog, where you can fine-tune the quality setting before saving. Newer versions of Photoshop have started to add support for AVIF. You may need to ensure your Creative Cloud subscription is up to date. Once supported, the process is simple: open the AVIF file, go to , and then select 'JPEG' from the format dropdown menu. This will bring up Photoshop's standard JPG options dialog, where you can fine-tune the quality setting before saving. GIMP (GNU Image Manipulation Program): GIMP is a powerful, free, and open-source alternative to Photoshop. It has excellent support for a wide range of file formats, including AVIF (as of version 2.10.22). The process is nearly identical to Photoshop's. You open your AVIF file directly in GIMP. Then, you navigate to File > Export As... . In the export dialog, you can either type .jpg at the end of your filename or select 'JPEG Image' from the file type list. Clicking 'Export' will present you with options to control the JPG quality before the final file is saved. GIMP is a powerful, free, and open-source alternative to Photoshop. It has excellent support for a wide range of file formats, including AVIF (as of version 2.10.22). The process is nearly identical to Photoshop's. You open your AVIF file directly in GIMP. Then, you navigate to . In the export dialog, you can either type at the end of your filename or select 'JPEG Image' from the file type list. Clicking 'Export' will present you with options to control the JPG quality before the final file is saved. Other Tools: Many other image viewers and editors, like XnView MP (a fantastic free image browser and converter) and IrfanView (for Windows), also support AVIF and have robust batch conversion capabilities, making them excellent offline alternatives. With all these technologically superior formats like AVIF and WebP gaining ground, it's natural to wonder about the fate of the venerable JPG. Will it eventually go the way of the floppy disk or the dial-up modem—a relic of a bygone era? The answer is complex. Reports of JPG's death are likely greatly exaggerated, at least for the foreseeable future. Technology transitions take time, especially when a standard is as deeply entrenched as JPG. While the 'front end' of the web—the part users see in their browsers—is rapidly adopting newer formats for performance, the 'back end' and the ecosystem of user devices and software will continue to rely on JPG for years to come. The key driver for the adoption of new image formats is browser support. If browsers can't display it, web developers won't use it. For AVIF, the news is incredibly positive. As of mid-2025, all major evergreen browsers (Chrome, Firefox, Safari, Edge) offer broad support for AVIF. This means a huge percentage of the global internet audience can now view AVIF images natively. This is the catalyst that encourages websites to serve AVIF files. However, JPG's role will likely shift from being the primary format to being the ultimate fallback. The standard practice for web developers is becoming 'content negotiation,' where the server provides the best possible format the browser can handle. So, a user with the latest Chrome gets AVIF, a user with a slightly older browser might get WebP, and a user with a very old or obscure browser gets the safe, reliable JPG. In this sense, JPG isn't disappearing; it's becoming the universal safety net that guarantees the content is always accessible to everyone, which is a critical role. For website owners, bloggers, and digital marketers, the choice of image format is not just a technical decision—it's an SEO decision. Search Engine Optimization is all about making your site as friendly as possible to search engines like Google, and images play a surprisingly large role in this. Google has made it clear that page speed is a critical ranking factor. Faster websites provide a better user experience, and Google rewards them with higher visibility in search results. This is where the whole discussion about image formats comes full circle. The primary benefit of AVIF is its smaller file size, which directly translates to faster loading times. Google's Core Web Vitals are a specific set of metrics used to measure a webpage's user experience. One of the most important of these is the Largest Contentful Paint (LCP), which measures how long it takes for the largest piece of content on the screen (often a hero image or banner) to load. Using a highly optimized image format like AVIF can dramatically improve your LCP score. By serving smaller AVIF images to compatible browsers, you reduce the total amount of data that needs to be downloaded, allowing the page to render more quickly. This can lead to a direct improvement in your Core Web Vitals report, which can, in turn, positively impact your search rankings. Therefore, a modern SEO strategy for images involves using a element in HTML to serve AVIF, with a fallback to WebP, and a final fallback to JPG. This ensures you get the performance benefits of AVIF where possible, without sacrificing compatibility, which is the best of all worlds from an SEO perspective. While online converters are generally reliable, you might occasionally run into a snag. A cryptic error message or a failed conversion can be frustrating, but the cause is usually one of a few common issues. Understanding these can help you quickly resolve the problem and get your conversion back on track. Most of these problems aren't the fault of the converter itself but are related to the input file or the limitations of the service. A little bit of troubleshooting can almost always solve the issue. Let's look at the most frequent hiccups and how to handle them. You drag and drop your beautiful, high-resolution AVIF file, and you're met with an error: 'File exceeds the maximum upload size.' Many free online services have a limit on the size of the file you can upload. This is to prevent a single user with a massive file from hogging all the server's resources and slowing down the service for everyone else. These limits can range from 5MB to 100MB or more, depending on the service. If you hit this limit, you have a couple of options. First, you could try a different online converter that offers a higher upload limit. Second, if your AVIF file is exceptionally large because it has a very high resolution (e.g., 8000×6000 pixels), you could use an offline image editor (like GIMP) to first resize the AVIF to more manageable dimensions. By reducing the resolution, you will dramatically reduce the file size, likely bringing it under the upload limit of the online converter. Sometimes, a file will upload successfully, but the conversion process itself will fail. This can happen for a few reasons: Corrupt or Non-Standard File: The most common reason is that the AVIF file you are trying to convert is corrupted or doesn't fully adhere to the format's specifications. This can sometimes happen during the download process. The first step is to try downloading the original file again. If it still fails, the file itself may be the problem. Unsupported AVIF Features: AVIF is a complex format that can include features like animations or specific HDR profiles. A simpler online converter might not support every single feature of the AVIF specification. If you have a very complex AVIF (like an animation), the conversion to a static JPG might fail. In this case, you might need to find a more advanced converter or use a desktop application that can handle that specific feature. Temporary Server Issues: Occasionally, the problem might be on the service's end. The server might be overloaded, undergoing maintenance, or experiencing a temporary glitch. If your file seems fine and you've had success with the site before, the best solution is often the simplest: wait a few minutes and try again. Navigating the ever-evolving landscape of digital formats doesn't have to be a headache. The emergence of the AVIF format represents a significant leap forward for web performance and image quality, but its newness inevitably creates a temporary gap in compatibility with older software and systems. This is where the humble AVIF to JPG online converter free proves its immense value. These simple, browser-based tools act as the perfect bridge between the future of web imagery and the universal accessibility of the present. They empower anyone, regardless of technical skill, to solve the 'unsupported file format' problem in seconds. By understanding what these tools do, how to choose a safe and efficient one, and how to manage the trade-offs between quality and file size, you can confidently handle any image format that comes your way. Whether you're a web developer optimizing a site for speed, a designer needing compatibility, or just someone trying to open a downloaded photo, a reliable online converter is an essential tool in your digital toolkit. Yes, absolutely. The vast majority of online converters, including the reputable ones, offer their core AVIF to JPG conversion service completely free of charge. They are typically supported by advertising or offer premium features (like API access or larger file size limits) for paying customers, but for standard, everyday conversions, you should not have to pay anything. Potentially, yes, but it's controllable. Both are 'lossy' formats, but AVIF is more efficient. The conversion process requires re-compressing the image using the JPG algorithm, which can introduce a very small amount of quality loss. However, most converters allow you to set the JPG quality to a high level (90% or above), which makes any degradation practically invisible to the open eye. 3. Are my images safe when I upload them to an online converter? This depends on the service you choose. A trustworthy converter will have a clear privacy policy stating that your files are automatically deleted from their servers after a short period (usually a few hours). Always choose a service that uses HTTPS encryption (the lock icon in your browser) and is transparent about its data handling practices. Avoid services without a clear privacy policy. Yes! Because these converters are web-based, they work on any device with a modern web browser, including iPhones, Android phones, and tablets. The process is the same: simply navigate to the converter's website in your phone's browser, upload the AVIF file from your phone's storage, and download the converted JPG. 5. What is the main advantage of AVIF over JPG? The primary advantage is superior compression. An AVIF file can be about 50% smaller than a JPG file of the same visual quality. This leads to faster website loading times, lower data usage, and more efficient storage. AVIF also supports modern features that JPG lacks, such as HDR, higher color depth, and transparency. 6. Can I convert more than one file at a time? Many of the best online converters offer a 'batch conversion' feature. This allows you to upload multiple AVIF files simultaneously. The tool will process them all and then typically let you download them together in a single, convenient ZIP file. This is a huge time-saver for anyone working with multiple images. TIME BUSINESS NEWS

Microsoft Is an AI Darling, but Its Core Businesses Are Booming Too
Microsoft Is an AI Darling, but Its Core Businesses Are Booming Too

Yahoo

time38 minutes ago

  • Yahoo

Microsoft Is an AI Darling, but Its Core Businesses Are Booming Too

Microsoft's blockbuster earnings last week cemented its status as one of the biggest winners of the artificial-intelligence boom. Investors should draw additional comfort from what is happening with less fanfare elsewhere in its business. Outside the AI race, Microsoft is minting money from corporate customers spending on regular technology—long a sweet spot for the company. AI Is Coming for the Consultants. Inside McKinsey, 'This Is Existential.' Millennials Are Richer Now. So Why Can't They Stop Worrying? Unemployed Americans Endure Longer Job Searches in a Cooling Market The AI Boom's Hidden Risk to the Economy Many companies are shifting from buying their own IT equipment to renting it from Microsoft through its cloud-computing service. They are also renting more standard-issue computing stuff—hard drives for data storage, for example—to support their AI efforts. A large chunk of the recent strong growth in Microsoft's cloud business, called Azure, stems from that. More than half of Azure's 33% revenue jump in the company's March quarter came from non-AI services. While the company didn't give a comparable breakdown of the cloud unit's 39% growth in its June quarter, it said the 'core infrastructure business'—Microsoft lingo for its non-AI cloud business—was the driver. And that isn't the only non-AI area in which Microsoft is growing. The company's Microsoft 365 Commercial cloud business, which houses remotely accessed versions of its Word, Excel and other productivity software for companies, grew 16% from a year earlier in the June quarter, an acceleration versus the previous period. Revenue from productivity software for consumers grew 20%, its best uptick in years. In one sense, investors might prefer to see AI businesses driving growth. That, after all, is what has driven the company's valuation through the roof. But tech companies' stocks arguably hinge too much on AI; to the extent that they can keep increasing other revenue streams, they are on more solid financial ground. Microsoft's non-AI business also benefits from a symbiosis with its AI efforts. The company's Copilot AI assistants for software products like Word and Excel brought in a record number of new users in the June quarter, Chief Executive Satya Nadella said Wednesday. Many of those users are likely to stick around and use its non-AI software even if Copilot turns out to be a dud. There is another silver lining for Microsoft: non-AI sales can be substantially more lucrative than AI ones. Non-AI gross margins within Azure were around 73% in Microsoft's March quarter, Bernstein Research analyst Mark Moerdler estimated. That compared with a 30% to 40% gross margin for AI, he estimated, because of the huge cost of setting up AI infrastructure. Luckily for Microsoft, demand for lucrative non-AI services appears to be reasonably strong. Measures of broad IT spending were fairly muted at the start of the year as companies pondered the impact of President Trump's tariffs and concerns bubbled about the health of the global economy. Attitudes appear to have improved somewhat in the second quarter, though. A UBS survey of cloud-computing customers in July showed a 'clear improvement in tone' about spending. Most were moving forward with efforts to migrate computing work to the cloud, it said, a reversal from an April survey that showed trepidation. In the longer term, there is little question that cloud computing is going to grow in ways that play to Microsoft's strengths. Its rivals—mainly and Google—are growing quickly too, but don't have all of Microsoft's broad corporate software offerings that enhance its cloud footprint, even outside AI. Amazon on Thursday said its cloud unit grew 17.5% in the June quarter, disappointing investors and forcing Chief Executive Andy Jassy to answer to Azure's outperformance. Recent quarterly swings in Azure's favor were 'really just moments in time,' he said. The company's stock fell around 8% on Friday. The question for Microsoft's investors, then, is less about its prospects than its valuation. The company's stock is up nearly 40% since the beginning of April, pushing its forward price/earnings multiple above 33. That is a bit richer than Amazon and a large margin above Google's parent, Alphabet, which is trading at a multiple of roughly 18 times forward earnings. That should be easier for investors to digest because while Microsoft's AI growth is real, it is far from the only thing going right at the software giant. Write to Asa Fitch at A Librarian Wants to Retire Early and Live in a Continuing-Care Community. Can She Afford to? Berkshire's Quarterly Earnings Drop on Insurance Results, Currency Moves Seven Ways to Track Your Risk of Falling—and Prevent an Injury A Generation Is Turning to 'Buy Now, Pay Later' for Botox and Concert Tickets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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