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AI Software Engineer Devin: AI/ML researcher

US Business News Staff US Business News Staff on March 19, 2024

By: Suresh Dodda

I have been doing development for the past 20 + years. As a traditional developer, a lot of repetitive tasks take a long time and do not improve the efficiency of the developer.  AI BOTS are going to play a significant role in reducing developer effort thereby improving the profits for organizations.

Devin can access common developer tools, including its own shell, code editor and browser, within a sandboxed compute environment to plan and execute complex engineering tasks requiring thousands of decisions.  The human user simply types a natural language prompt into Devin’s chatbot style interface, and the AI software engineer takes it from there, developing a detailed, step-by-step plan to tackle the problem. It then begins the project using its developer tools, just like how a human would use them, writing its own code, fixing issues, testing and reporting on its progress in real-time, allowing the user to keep an eye on everything as it works.

If something doesn’t look right to the human observer, the user can also jump into the chat interface and give the AI a command to fix it. This, Cognition says, enables engineering teams to delegate some of their  projects to the AI and focus on more creative tasks that require human intelligence.

In this way, Devin offers a new paradigm that may be a glimpse of the way all software development — and computer work generally — may workers overseen by human supervisors/users. According to demos shared by Wu, Devin is capable of handling a range of tasks in its current form. This includes common engineering projects like deploying and improving apps/websites end-to-end and finding and fixing bugs in codebases to more complex things like setting up fine-tuning for a large language model using the link to a research repository on GitHub or learning how to use unfamiliar technologies.

In the SWE-bench test, which challenges AI assistants with GitHub issues from real-world open-source projects, the AI software engineer was able to correctly resolve 13.86% of the cases end-to-end – without any assistance from humans. In comparison, Claude 2 could resolve just 4.80% while SWE-Llama-13b and GPT-4 could handle 3.97% and 1.74% of the issues, respectively. All these models even required assistance, where they were told which file had to be fixed.

In the SWE-bench test, which challenges AI assistants with GitHub issues from real-world open-source projects, the AI software engineer was able to correctly resolve 13.86% of the cases end-to-end – without any assistance from humans. In comparison, Claude 2 could resolve just 4.80% while SWE-Llama-13b and GPT-4 could handle 3.97% and 1.74% of the issues, respectively. All these models even required assistance, where they were told which file had to be fixed.

While the tool remains to be tested, its ability to handle multiple steps – while staying on track – to complete a software engineering project is the biggest unique selling point.

About the Author

Suresh Dodda, a seasoned technologist with strong focus on AI/ML research and with 24 years of progressive experience in the field of technology, is adept at leveraging Java, J2EE, AWS, Micro Services, and Angular for innovative design and implementation. With a keen eye for detail, Suresh excels in developing applications from inception to execution, showcasing his deep expertise in Java as evidenced by his authored book on Microservices and his role as a book reviewer for publications such as Packet and BPB.

Suresh’s technical prowess extends to the realm of AI/ML, where he has contributed to research papers, while his effective management skills have consistently ensured timely project delivery within allocated budgets. His extensive international experience includes working with esteemed clients such as Dubai Telecom in Abu Dhabi, Nokia in Canada, Epson in Japan, Wipro Technologies in India, Mastercard in the USA, National Grid in the USA, Yash Technologies in the USA, and ADP in the USA.

Within core industries such as banking, telecom, retail, utilities, and payroll, Suresh possesses a deep understanding of domain-specific challenges, bolstered by his track record as a technical lead and manager for globally dispersed teams.

Suresh’s professional stature is further underscored by his membership in prestigious organizations like IEEE, his role as a keynote speaker at esteemed research universities like Eudoxia, and his contribution as a journal reviewer for IGI Global, highlighting his active involvement in advancing technology.

 

Published By: Aize Perez

Frello Revolutionizes Personal Loans with User-Friendly App, Empowering Borrowers and Lenders Alike

US Business News Staff US Business News Staff on March 19, 2024

Frello, the brainchild of co-founders Chris Harder and Matt Marek, has officially launched its Beta version in the first quarter of 2024, setting the stage for a wide-scale app store release later this summer. Frello introduces a refreshing and innovative approach to personal loans, redefining the borrowing and lending landscape by connecting peers and fostering a sense of community.

Chris Harder, the CEO and co-founder of Frello, shared the genesis of the idea, stating, “I brought this idea to my business partner Matt Marek because he had the Tech team to be able to bring it to life.” Together, they envisioned a platform that goes beyond traditional lending institutions, emphasizing the power of community support.

At its core, Frello is not just a lending platform; it’s a social network for financial empowerment. The platform connects individuals with financial needs to those willing to lend, creating a symbiotic relationship that goes beyond transactional exchanges. 

One of the standout features of Frello is its user-friendly app, designed to make borrowing and lending straightforward and transparent. When borrowing through the Frello app, users have the unique experience of borrowing from their peers, potentially right within their community. Chris Harder describes it as the “Tinder for personal loans,” where borrowers can scroll through a vertical feed and choose from various loan offers.

Chris elaborates on the borrower’s journey, stating, “You go on; you decide how much money you need. Remember, it’s all small personal loans. I’m not gonna tell you the amount that we’re going up to yet because we’re still kind of settling on that, but think of $500 jam, $1,000 jam, $1,500 jam, that kind of thing.”

What sets Frello apart is the unique bidding system that allows lenders to make blind bids on loan requests. Lenders propose different terms, such as the loan amount, interest rate, and repayment period, creating a marketplace that empowers borrowers to choose the terms that best suit their needs.

“The bids set the market, and the market sets itself for the person in need. They then choose from all of these bids the one that’s best for them. Is it the lowest cost of funds? Or is it the one with the longest term so that they’ve got time to make the payments and have smaller payments to get back on their feet? This is the antithesis to payday loans. This is the solution to all of these other solutions out there where they’re just kicking it down to your next paycheck,” explains Chris.

Frello’s commitment to transparency and simplicity extends to its lending process. Borrowers have the flexibility to decide how much to borrow, how often to make payments and the timeframe to pay it back. The app ensures that users always know the exact terms of their loan without any hidden fees.

On the lender side, Frello offers a unique opportunity for individuals to invest in their peers. Becoming a lender provides access to thousands of borrowers seeking loans. Lenders can bid on loan requests, and once accepted, Frello takes care of the rest – from sending the money to collecting payments and depositing them into the lender’s Frello account.

Chris emphasizes the safety net for lenders, stating, “Every single loan is guaranteed backstopped by an insurance pool that reimburses any lost loans.” Frello takes responsibility for loans that are too far past due, ensuring that lenders are protected and reimbursed in the form of a Frello credit in their Frello wallet. This credit can be reinvested at any time.

“The reason I’m doing this is because the very idea itself came from a real-life act of generosity that changed the recipient’s business in a big, big way! I wanted to figure out how to do that for everyone! I’m truly excited for this to help revolutionize the industry of investing and make it fun and trustworthy again,” Chris shares, expressing his passion for Frello’s mission.

In closing, Chris also offers words of encouragement to those with dreams and missions, urging them to find the missing pieces and not let excuses hinder their pursuits. “I’m living proof that not only can it happen, but it can happen at warp speed in the biggest of ways, and you can change the world,” he affirms.

Frello’s Beta launch marks a significant step towards reshaping the lending landscape, fostering a sense of community, and providing financial empowerment to individuals. As the app prepares for its wide-scale release in the late summer of 2024, it promises a revolution in personal loans, making borrowing and investing more accessible, transparent, and enjoyable for everyone.

Published by: Nelly Chavez