According to Cointelegraph, Rob Witoff, head of the Coinbase platform, revealed that 95% to 100% of the company’s code is now assisted by AI or large language models (LLMs), a significant increase from the 40% reported in February this year. Currently, each engineer at the company runs an average of 5 to 10 AI agents simultaneously, with the total workload of AI agents equivalent to approximately 1,200 employees—a figure projected to reach the equivalent of 100,000 employees by 2030. The large-scale adoption of AI enabled Coinbase to lay off 700 employees (about 14%) in May this year and restructure into a leaner, senior-level team capable of completing work previously requiring more than 10 people with just 2 to 3 individuals.
Coinbase has over 95% of its code written by AI, equivalent to 1,200 employees.
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Summary
Coinbase’s AI integration now covers over 95% of its code, up from 40% in February. Engineers run 5 to 10 AI agents each, totaling the equivalent of 1,200 employees. The company aims to reach 100,000 AI agents by 2030. AI-driven automation led to 700 layoffs in May, with teams shrinking from over 10 members to just 2 or 3. This AI and crypto development underscores the rapid automation transforming the crypto industry.
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