According to CEO Brian Armstrong, over 40% of Coinbase's code is written by artificial intelligence, and he hopes this number will reach 50% by next month.
"Clearly, this needs to be reviewed and understood, and not all business areas can utilize AI-generated code. But we should use it as responsibly as possible," Armstrong stated in a post on the X platform on Wednesday.
According to a chart he shared, the percentage of AI-generated code lines in Coinbase has more than doubled since April.
His comments came about a month after Coinbase indicated that one of its top priorities is to transform its workforce into "AI-native," suggesting that the company does not intend to replace a significant portion of its 4,200 employees with AI anytime soon.
The increasing integration of AI into the workforce has raised widespread concerns that many jobs will be replaced by AI in the future. The New York Post recently quoted a "tech expert from Oklahoma" predicting that AI-induced unemployment could lead to a collapse of the global population from 8 billion to 100 million by the year 2300.
However, many, including White House AI and crypto czar David Sacks and researchers from the Big Four accounting firm PwC, have criticized these pessimistic predictions, arguing that the narrative of AI-induced unemployment is overhyped and that it may actually enhance employee productivity.
This perspective seems to align with Coinbase's approach, as its engineers now regularly use AI-driven programming tools like Copilot, Claude Code, and Cursor to complete their work.
Armstrong recently mentioned on John Collison's "Cheeky Pint" podcast that just a week after posting instructions in a Coinbase Slack channel for engineers to start using AI, he fired those who could not provide reasonable justifications for not integrating AI into their daily work.
Coinbase continues to actively recruit in its engineering and development departments, with nearly half of the approximately 350 current job openings seeking technically skilled professionals, according to its website.
Among these, 93 are specifically backend engineering positions, many of which mention AI early in the job title or description.
Customer experience has the most non-technical positions so far, with 56 vacancies.
While large-scale layoffs in the crypto market have eased, industry recruiters have observed a significant tightening in crypto hiring since 2022, primarily due to AI drawing talent and capital away from the sector.
"Developers and entrepreneurs follow the money and excitement, and now AI is absorbing both," CryptoJobsList founder Raman Shalupau and researcher Stefi Kiemeney told Cointelegraph last month.
Related: Galaxy Digital CEO: AI agents will become the largest users of stablecoins
Original article: “Coinbase CEO hopes AI will write 50% of its platform's code by October”
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