Anthropic rolls out financial AI tools to target large clients

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Artificial intelligence startup Anthropic has rolled out Claude tools tailored for financial analysts to meet demand from enterprise clients, the company said Tuesday.While announcing the launch Tuesday in New York, Anthropic unveiled the latest features designed to answer queries for large financial workloads and integrate with financial data providers like Daloopa, Databricks, FactSet, Snowflake, PitchBook and S&P Global.Claude – Anthropic’s AI assistant and a family of large language models – has been built to “turbocharge” the work the analysts or fund managers are already doing that involves due diligence, market research, competitive benchmarking, financial modeling, investment memos and pitch decks, said Jonathan Pelosi, global head of industry for financial services at Anthropic.Claude’s latest version for financial services that includes banks, insurance companies and hedge funds has a new feature that helps analysts build financial models directly in Microsoft Excel and generate downloadable Excel files with complete financial models. It also helps to create a PowerPoint deck.“These are some of the ways we brought these features together to provide a one-stop shop to make life so much easier for these analysts to do meaningful work,” Pelosi told Banking Dive.With the advancement of AI, many financial institutions have launched AI assistants to help employees serve Wall Street clients. In January, Goldman Sachs introduced a generative AI assistant to its bankers, traders and asset managers. Anthropic’s offering is geared toward helping financial analysts do their work more easily and efficiently, according to Pelosi. The AI startup’s latest Claude version can pull data from multiple sources across platforms with links to source materials for cross-checking and deliver analysis in less than 30 minutes or even a few seconds, depending on the query, the firm said. That helps to save time and “uncover insights” that can be missed, Nicholas Lin, a member of the product team, said at an Anthropic event Tuesday. Anthropic offers assistance during the implementation process to bridge the gap between theoretical capabilities and practical applications. However, Claude requires a “human in the loop,” Pelosi pointed out, adding that the platform is not intended for autonomous financial decision-making or to provide stock recommendations that users follow blindly.“When we onboard someone, we insist on training, understanding what the limitations are of these models, putting those guardrails in place so people treat it like it is a helpful technology, not a replacement for them,” he said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,297.36 +33.66 (+0.54%)Dow 3044,484.49 +229.71 (+0.52%)Nasdaq20,885.65 +155.16 (+0.75%)Russell 20002,253.68 +26.70 (+1.20%)VIX16.52 -0.64 (-3.73%)Gold3,346.80 +1.50 (+0.04%)PortfolioSign in to access your portfolioSign inTop gainersSOC Sable Offshore Corp. 28.34 +6.27 (+28.41%)PGY Pagaya Technologies Ltd. 29.50 +5.97 (+25.37%)QS QuantumScape Corporation 13.60 +2.25 (+19.82%)SRPT Sarepta Therapeutics, Inc. 21.97 +3.59 (+19.53%)NEGG Newegg Commerce, Inc. 31.79 +4.67 (+17.22%)Top losersELV Elevance Health, Inc. 302.45 -42.10 (-12.22%)SAH Sonic Automotive, Inc. 76.30 -8.87 (-10.41%)OSCR Oscar Health, Inc. 13.87 -1.48 (-9.64%)GPI Group 1 Automotive, Inc. 406.10 -38.42 (-8.64%)ABT Abbott Laboratories 120.51 -11.23 (-8.52%)Most activeLCID Lucid Group, Inc. 3.1200 +0.8300 (+36.24%)BBAI BigBear.ai Holdings, Inc. 8.22 +1.10 (+15.45%)NVDA NVIDIA Corporation 173.00 +1.63 (+0.95%)WBD Warner Bros. 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