Goldman Sachs Adopts AI Software Engineer Devin, AI Coding Assistants Slow Developers

Meta's EU Antitrust Challenges

• ⚠️ Meta Platforms faces potential new EU antitrust charges and significant daily fines for its “pay-or-consent” model.
• 💰 The European Commission found Meta's changes to comply with the Digital Markets Act insufficient, leading to potential fines of up to 5% of its average daily global turnover.
• ⚖️ Meta argues its model offers more choices than required and accuses the commission of discrimination.

Goldman Sachs Integrates AI Software Engineer

• 🏦 Goldman Sachs is integrating Devin, an autonomous AI software engineer developed by Cognition, into its technology division.
• 👨‍💻 Devin is expected to augment the bank's 12,000 human developers by handling various tasks.
• 🚀 This move follows Devin's previous recognition for completing complex assignments with minimal human intervention.

AI Coding Assistants Impact on Developers

• 📉 A new study by Meter found that AI coding assistants slowed down experienced developers by 19% on familiar projects.
• 💡 This finding contradicts the initial belief that AI would decrease task completion time and challenges the notion of AI always boosting engineer productivity.

Other Tech News Briefs

• 📱 HMD Global, known for Nokia devices, is scaling back US operations and may have ceased sales due to a challenging geopolitical and economic environment.
• ⌚ Samsung is exploring new wearable form factors like glasses, earrings, and necklaces to expand its offerings beyond smartwatches and smart rings.
• 🏠 Belcon will end support for most Wimo smart home devices on January 31st, impacting cloud-dependent features and voice assistant integration.
• 🧠 Elon Musk's XAI Grok 4 appears to incorporate his personal politics when answering controversial questions, potentially addressing Musk's prior frustrations with the AI being too "woke."
• 🤝 Former Intel CEO Pat Gelsinger launched a new initiative with Glue to ensure AI models align with human values, introducing a flourishing AI benchmark.
• 🔞 Blue Sky is implementing age verification in the UK to comply with the online safety act, offering facial scanning, ID upload, or payment card information for verification.