Coinbase: Over 95% of its code has been written with AI assistance, and nearly all employees use AI on a daily basis.

Coinbase’s platform lead Rob Witoff stated that currently 95% to 100% of the company’s code is written or assisted by large language models (LLMs), and nearly all employees use AI on a daily basis. This figure has more than doubled from the roughly 40% of AI-generated code disclosed in February this year. Witoff noted that critical areas such as core cryptography still rely primarily on manual review, while internal prototype development is now almost fully automated. The proliferation of AI has enabled Coinbase to adopt smaller, more senior teams: teams of two to three people can now complete work that previously required over a dozen employees. He also revealed that most of Coinbase’s engineers currently manage five to 10 AI agents each, with the overall AI agent workforce handling coding workload equivalent to roughly 1,200 full-time employees. The company projects this number could rise to the equivalent of 100,000 employees by 2030. Earlier this May, Coinbase laid off around 700 employees, accounting for roughly 14% of its total workforce, with the firm stating that AI has significantly improved work efficiency.