especially given Coinbase's significant role in the crypto industry as a custodian for many exchange-traded funds (ETFs) and holder of substantial institutional crypto assets.
Potential Risks:
- Security Vulnerabilities: Critics worry about the fragility of AI-generated code, citing examples like the Tea app, which suffered a hack due to alleged poor-quality AI code, and Lovable, a Swedish website-building app with security flaws exposing user data.
- Loss of Human Oversight: Some argue that relying heavily on AI-generated code could lead to a lack of understanding of the code's inner workings, potentially putting users' assets at risk.
Coinbase's Response:
- Safety and Risk Management: Coinbase's engineering team claims to prioritize safety and risk management while leveraging AI-generated code, enabling them to achieve significant milestones like refactoring or building new codebases in days instead of months.
- AI Adoption: Coinbase believes AI-generated code is the future, with their engineering team stating that AI is on track to eclipse human-generated code by the end of the year [1].
