AI is now writing half the code at this company, and it is not Google or Microsoft
"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," he said. He also mentioned that it's difficult to estimate exactly how much code is human-written, but he believes it's now the smaller portion.This change isn't just helping Robinhood write code faster. It's also helping the company save money and improve how its teams work. Tenev said that AI has had a major impact on departments like engineering and customer support. "The impact that it's had on internal teams has been huge,' he noted. He also said the company has been quiet about how much AI it's using behind the scenes, but the results have been impressive.Robinhood's growing use of AI comes at a time when the company is performing well in the market. Its stock price has jumped over 170 per cent since the start of the year. This growth has been driven by several factors, including the company's push into crypto tokens based on private stocks, and new product rollouts like a prediction market feature for users.While Robinhood is leading in terms of AI code generation, other big tech firms are also increasing their use of AI in similar ways. Microsoft CEO Satya Nadella said recently that AI writes up to 30 per cent of code in some projects. He also pointed out that the company is using AI to review code, making development more efficient.Google's CEO Sundar Pichai gave a similar update during Alphabet's latest earnings call. He said over 30 per cent of new code at Google is AI-written, which is up from 25 per cent a few months ago. Meta's CEO Mark Zuckerberg has also said that he expects AI will soon handle half of the coding at the company, especially for projects like its Llama models.Some companies are even changing their hiring plans because of AI. Salesforce CEO Marc Benioff announced earlier this year that the company would pause new engineering hires in 2025 due to AI increasing developer productivity by 30 per cent. Stripe, a payments company, laid off hundreds of workers including some in engineering, partly due to the change toward AI-powered development. Only time will tell whether AI will benefit humans or not in a big way.- Ends
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