Rob Witoff, head of the Coinbase platform, stated that currently, 95% to 100% of the company's code is assisted by AI or large language models, a significant increase from 40% in February of this year. The company has achieved daily AI usage for all employees, with each engineer running an average of 5 to 10 AI agents simultaneously, resulting in overall productivity equivalent to about 1,200 full-time developers. This transformation has prompted Coinbase to restructure its organization, forming more streamlined small teams, with projects that previously required over 10 people now only needing 2 to 3. This is also one of the core reasons behind Coinbase's 14% layoffs in May this year. Coinbase predicts that by 2030, the workload of AI agents is expected to reach the equivalent of 100,000 employees.
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