Coinbase CEO Brian Armstrong said that Artificial Intelligence (AI) currently helps write over 40% of the exchange’s code, and the company aims to increase that to 50% by October.
In a post on X, Armstrong emphasized the responsible use of AI. He stated, “Obviously, it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can.”
He also shared a chart showing data that AI-generated codes at Coinbase have more than doubled since April.
The company wants its workers to become “AI-Natives” and wants its 4,200 employees to focus on integrating AI without significant job cuts. At Coinbase, engineers currently use AI tools like Copilot, Claude Code, and Cursor, enabling tasks like refactoring or building codebases in days rather than months.
Mixed Expert Opinions
Armstrong’s comments have also sparked mixed opinions about the increasing use of AI in jobs and whether it could potentially replace many workers in the future.
An Oklahoma tech expert, cited by the New York Post, even predicted that AI-related job losses could lead to a massive global population drop from 8 billion to 100 million by 2300.
David Sacks, the White House AI and crypto advisor, says AI won’t take over jobs because it still needs human oversight. Researchers at PwC agree, calling fears of mass job losses exaggerated. In fact, a McKinsey & Company report from May projected that AI could contribute $4.4 trillion to the global economy by 2030.
Meanwhile, Armstrong had shared similar views on August 25, when speaking on the “Cheeky Pint” podcast, he revealed that he recently fired engineers who resisted integrating AI after a company mandate.
The company’s push to incorporate AI reflects a broader trend in the tech industry, balancing innovation with workforce adaptation while addressing concerns about automation’s long-term impact on employment.
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