Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Jack Dorsey’s company Block publicly announced its AI “Builderbot” would take on and complete 15% of coding work, just after it laid off 4,000 people.
Jack Dorsey's Block reveals internal AI system "Builderbot," which currently performs about 200k operations daily and merges 1,500 pull requests per week, handling approximately 15% of the company's production code changes.
It has only been four months since Block laid off 4,000 people in February this year, citing AI as the reason, reducing staff by nearly 40%.
(Tagging it will make it work.)
Block states that Builderbot's usage is so simple it hardly resembles an enterprise-grade tool. Engineers just tag @builderbot in Slack and describe their needs in a sentence, and it will automatically research, plan, and implement within the discussion thread.
It proactively pulls pending tasks from Linear and Jira, opens branches, writes code, submits PRs, and iterates based on feedback. Multiple team members can collaborate with it simultaneously in the same discussion thread, watching it work and adjusting directions alongside.
How does ### differ from a typical AI assistant? It understands the entire Block.
Block emphasizes that Builderbot is different from most AI coding assistants on the market, which usually operate within a single repository. It can understand the entire system spanning hundreds of services and billions of lines of code across Block.
A developer who was originally only responsible for Cash App can now modify other services they are unfamiliar with because Builderbot already knows how those services operate. Block positions it as a tool bridging "AI coding" and "real large-scale engineering operations."
In February this year, Dorsey announced layoffs of about 4,000 employees, reducing the staff from over 10k to around 6,000, directly attributing this acceleration to AI. Block's stock price surged by 24% after hours.
Frequently Asked Questions
What is Block's Builderbot?
Builderbot is Block's internal AI coding collaboration system, built on the open-source framework goose. Engineers tag it in Slack, and it automatically researches, codes, and opens PRs. It currently performs about 200k operations daily, handling roughly 15% of the company's production code.
Does Builderbot access Block's customer data?
No. Block emphasizes that Builderbot only accesses source code and system configurations, not customer data, payment information, or PII. Its operation scope is strictly limited to the code layer.