Anthropic launches its first big disruption to the finance industry
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Maura Losch/Axios
Anthropic is teaming up with financial services firms to launch a unified Claude interface for simultaneously analyzing market data across multiple sources.
Why it matters: It's Anthropic's first big disruption for one industry: finance. And it won't be the last.
- Wall Street sees adoption of AI-powered tools like these as rocket fuel for profits.
How it works: The idea is an AI tool that pulls in data from PitchBook, Morningstar and Daloopa all at once to answer analyst questions.
- This paid plan will only be available for customers of the Claude Financial Analysis solution — a version of Claude for Enterprise specifically tailored to financial analysts.
- Users will only get access to data from the platforms they're subscribed to, so if an analyst puts in a prompt about venture capital funding but doesn't have PitchBook, their answer might include data from another source, like Morningstar.
What they're saying: "How can you think about transforming the workforce with AI ... something that is actually purpose-built for a whole set of employees or for a whole industry?" Anthropic's chief revenue officer Kate Jensen tells Axios in an exclusive interview.
- Jensen says finance was a natural first-choice sector to target, given demand from customers.
Between the lines: Why would firms want to partner with AI companies and risk taking eyeballs away from their own platforms? Because it makes their tools easier to use, making the value proposition more apparent, Anthropic says.
The intrigue: Analysts have described the financial sector as an area that's ripe for AI disruption, which could result in job loss, especially for junior employees.
- Aaron Linsky, CTO, AIA Labs at Bridgewater, wrote in a statement provided by Anthropic that "Claude powered the first versions of our Investment Analyst Assistant, which streamlined our analysts' workflow ... with the precision of a junior analyst."
- That quote might be scary if you're a junior analyst.
Catch up quick: Anthropic CEO Dario Amodei told Axios in May that AI could wipe out nearly half of all entry-level white-collar jobs.
- Jensen agrees with Amodei's sentiment, but adds that it's important to consider how AI-first job expectations could evolve to create more opportunity.
- "It's not displacement; it's evolution in a different way," she says, adding that she expects different things from her team now that they have Claude.
- "They have to be better now, which is really fun as a manager. ... You have these tools at your disposal that allow you to be much more thoughtful, much more creative, do much more research than I might have expected two years ago."
The bottom line: "We're seeing corporate America adopt AI," said Lou Miller, global head of equity custom baskets at Goldman Sachs, on a company podcast. "There's going to be margin benefits there."
- Anything that benefits margins, in an era defined by headwinds ranging from tariffs to interest rates, could be a welcome development for investors.
