Robinhood CEO says the majority of the company's new code is written by AI, with 'close to 100%' adoption from engineers
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."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tom's Guide
20 minutes ago
- Tom's Guide
Is the console war over? Next-gen Xbox could be aiming at PCs, not PS6
The APU powering the next Xbox could help it compete with pre-built PCs. That's what the experts at Digital Foundry discuss in the latest episode of their DF Direct Weekly podcast (via Wccftech). Digital Foundry notes that the leaked 'Magnus' APU image that we previously reported on reveals a chip that's very different from past and current console APUs like the ones powering the PS5 and Xbox Series X. For instance, the design has separate CPU and GPU dies, which distinguishes it from the typical design. Digital Foundry also says this chip should be extremely powerful and could support an iterative console design. That last part is important, since right now, consoles don't evolve much (if at all) during their lifespans. Magnus' design could allow Microsoft to mix dies whenever the company wants to upgrade the console, potentially resulting in more frequent updates than the typical seven-year console lifecycle. Digital Foundry also said this design could effectively move Xbox away from the standard console 'generation' we've known. If everything Digital Foundry discusses comes true, then the next Xbox would be akin to a pre-built PC, as rumors have recently suggested. Though this system could be more expensive than a home console, it could be more affordable than one of the best gaming PCs. This could potentially give AMD an edge over Nvidia, which has typically dominated the PC market with its line of RTX graphics cards. Where does that leave the PS6? Sony has already announced that it's partnering with AMD to help develop the upcoming system, and right now, we have no reason to believe Sony's next console will have a radically different APU design like the next Xbox apparently will. If Sony delivers a traditional console and Xbox opts for a more PC-like design, then the two rivals would no longer be directly competing, which would certainly be an interesting development, as the console wars would effectively end. It would be wise to take Digital Foundry's speculations as just that, especially since Microsoft hasn't said anything about the next Xbox's APU design. The console is reportedly launching in 2027, so we'll likely get more reports in the coming months. As always, we'll keep you posted on everything we hear about the latest next-gen Xbox. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
Tom's Guide
20 minutes ago
- Tom's Guide
One UI 8 could make setting your Samsung Galaxy phone up much simpler — here's how
Usually, setting up a new phone is a pretty straightforward process, but even the best Samsung phones still have one annoying tendency when it comes to picking navigation preferences. However, that could soon change with One UI 8. In a recent report, SammyGuru discovered evidence that future releases of One UI 8 could allow users to choose between gesture and button navigation options while setting up the phone. This would give users the freedom to choose alongside the rest of set-up, rather than Samsung defaulting to the three-button option in the current version. This forces users to go into the display settings to change to gestures themselves if they wish to do so. Not only would this make setting up the phone less of a hassle, but it would also make it much easier when migrating from another brand. Currently, Samsung is one of the few brands that don't offer this option at the start, with most Android phones offering users the choice at the start. One UI 8 is in an interesting place, as most Samsung phones only have access to the beta. However, both the Galaxy Z Fold 7 and Z Flip 7 are now on sale with the new OS pre-installed. As such, we have a good idea of what most phones can expect when the stable version launches, which is a focus on improving the overall quality of life for Samsung users over big new features. Part of that involves noticeable improvements to features introduced in One UI 7, including changes to how useful the Now Bar is, thanks to the addition of live call handling and do-not-disturb functions to the Bar. However, not every feature we've heard of has appeared yet. For instance, there are rumors that Samsung is bringing a major improvement for Live Captions that will allow it to translate speech, matching what is available on rival devices, like Google's Pixel 9 Pro with its Live Translate feature. If you don't have one of the most recent Samsung foldables then you can download the One UI 8 beta to test many of these new features if you have a recent flagship or mid-priced Galaxy phone and live in the U.S. or U.K. Alternatively, the stable release is expected around September 2025. If you do plan on trying the beta, we'd recommend backing up your Samsung phone, as there can be issues when trying to run certain apps. Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
The Hill
20 minutes ago
- The Hill
Palantir shares rise after reporting 48 percent surge in revenue
Palantir's share price jumped 8 percent Tuesday morning after the software analytics firm reported massive revenue growth last quarter. The company posted a 48 percent year-over-year increase in revenue for the three-month period between April and June, crossing $1 billion for the first time. 'As usual, I've been cautioned to be a little modest about our bombastic numbers, but honestly there's no authentic way to be anything but have enormous pride and gratefulness about these extraordinary numbers,' Palantir CEO Alex Karp said on a Monday evening earnings call. U.S. commercial revenue nearly doubled, rising 93 percent to $306 million, while U.S. government revenue ticked up a strong 53 percent to $426 million. In the U.S. overall, the company saw 68 percent year-over-year growth. 'This is a perfect time for a revolution in the United States of America,' Karp added. 'We are very, very bullish on America. We have some really crucial and important clients internationally … but this is an American revolution.' Palantir expects another $1 billion in revenue next quarter for an anticipated $4.1 billion in revenue for the full year. The strong earnings call marks the latest in a series of wins for the company, which recently scored a contract with the U.S. Army worth $10 billion over the next decade. It is the most recent tech firm to show off strong quarterly results as the artificial intelligence (AI) boom continues. Microsoft's stock popped last week after reporting $75 billion in annual revenue from its cloud computing platform Azure, briefly pushing the company's valuation above $4 trillion. It is only the second company to cross the historic threshold, following Nvidia's lead last month. Microsoft, Meta, Google and Apple all promised new capital spending, as the pricey push to build out AI infrastructure continues.
