Engineers on the inventory buying and selling and investing app Robinhood are utilizing AI to generate new code as an alternative of writing it themselves.
Robinhood CEO Vlad Tenev stated on the 20VC podcast earlier this week that “near 100%” of software program engineers on the firm are utilizing AI to write down blocks of code, tapping into instruments like Cursor and Windsurf, which promote superior coding, debugging, and enhancing capabilities. In accordance with Tenev, over 50% of recent code at Robinhood is AI-generated, the identical share as Salesforce.
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Tenev stated that it was tough to distinguish between AI-written code and human-created code, estimating that solely a “minority” of recent code at Robinhood was now written by people.
“It is onerous to even decide what the human-generated code is,” Tenev stated on the podcast. “If I needed to guess, it is within the minority.”
In the meantime, Google CEO Sundar Pichai and Microsoft CEO Satya Nadella have individually said that AI writes 30% of the code at their respective firms, placing Robinhood’s AI coding adoption forward of these massive tech firms.
Robinhood CEO Vlad Tenev. Photograph by Jesse Grant/Getty Pictures for Breakthrough Prize
Tenev additionally stated on the podcast that AI has had a “big” influence on Robinhood internally, affecting groups like buyer assist. For instance, Robinhood constructed its personal model of ChatGPT for customer support.
“The influence that it is had on inner groups, starting from software program engineering to buyer assist, the actually massive inner groups, has been big,” Tenev stated on the podcast.
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Robinhood has greater than quadrupled its market capitalization previously eight months, from $21 billion in November to about $90 billion on the time of writing. In 2024, the corporate achieved complete web income of $2.95 billion, up 58% year-over-year.
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