The New Intern on Wall Street Is an AI, and It’s Already Taking Jobs

The ongoing transformation should still take a break to anyone who thinks that artificial intelligence is a distant danger. On July 15, Wall Street met with the most unlikely and tireless experience. AI Security and Researcher Company, an opponent in Openai, a new “financial analysis solution,” presented a small “financial analysis and a small” developed version to implement a developed version of the compliance.

This Special version Claude can now be able to analyze the corporate earnings, can scan extensively financial data warehouses, all opportunities playing a complex technique “in a financially in a single person. However, the person can not be longer.

The announcement came with strong testimonials from industry giants. Bridgewater Associates, one of the world’s largest and prestigious hedge funds, is already a user.

“We have developed the opportunities equipped by Claude since 2023,” said Aaron Lensky, the Bridge Laboratory, creating information visualism, creating information visualism and creating information visualization, creating information visualization and complex financial analysis, strengthened the first versions of the investment analytical assistant.

Translation is clear: Claude is already working in the world’s elite firms in the world’s elite firms.

Claude now financial analyst in a box

The latest model, Claude 4, Openai’s GPT-4 and other competitors on special financial tasks that the anthropic claims. In a benchmark, Claude, the real world hit 83 percent accuracy in complex excel modeling problems simulating. This means Claude can now perform tasks in the modern financial field:

• Set up complex financial models and pinching companies or use for cash flows.
• Analyze quarterly earnings calls and summarize keyways immediately.
• Take information from complex data warehouses such as Snowflake or data (Think of a company as a giant, centralized digital libraries for the financial information and visualize.
• Institutional quality pitch decks and project of investment memories.
• Type the Python code, a popular programming language, tedious plate to automate the collapse tasks.

Claude not only helps people; Executes all the workflows. Therefore, it places less like a simple chatBot as an anthropic enterprise rate and more.

213,000 hours went and did not return

The statistics given by early adopts are amazing. The Norwegian Sovereign Wealth Foundation, which manages one of the largest investment funds in the global scale, Claude has already replaced more than 213,000 business hours along financial and risk groups. CEO Nicolai Tangen estimated the productivity earnings at about 20 percent, and Claude now automates the monitoring of news and earnings calls for 9,000 companies.

Meanwhile, the insurance giant AIG says it uses a cland to change the underwriting process. CEO Peter Zaffino, “We were able to compress the schedule for more than 5x (…) work schedule when improving more than 75% data accuracy from Dola.”

The world of financial, speed and accuracy in high stakes is everything. Claude appears without requiring both holidays, both and holidays.

Death of analytical way?

Ten years, the financiers have reduced their teeth as an introductory analytical in large banks and hedge funds. Works, 80 hours of weeks, endless Excel modeling and all nightstands are the decks working in places where there are no mountains. But there were always important rites of the passage to a profitable career.

Now Claude is all. Summiss, and the managing director is faster without the need to amaze.

Although the anthropical goal is to free people, it is clear where this is the head. Claude just doesn’t make time to sad things. First of all, it has the potential to replace many small analytics to do this.

Anthropic makes it as a victory. Companies save money and analysts “pay attention to higher tasks.” However, in a single cutting industry where the value cut is stable, this higher level of tasks cannot be carried out quickly enough to absorb a manual automated workforce.

AI does not come to the blue collar work

The financial industry has long accepted that the white collar is safe from the AI disorder. Automation can hit the factory floor or call centers, but not a corner control.

Claude calls directly to this assumption. And not alone. Openai works with PWC in similar initiatives. Google includes twin models on trading platforms. The race is to see the AI company can first change the Wall Street and reap the rewards. Claude edge can be its in-depth integration strategy. S & P is closing with basic financial information sources from platforms such as Global and Morningstar and Snowflake. Claude can also write a compatibility policy thanks to partnerships with accounting firms such as PWC and Deloitte.

In short, the clutch is not only smart. The modern financial plumbing is a deep string.

AI’nin’s memories of the future

Anthropic, Claude now in the AWS market, said it was soon available with Google Cloud availability. Companies are able to use a tool that allows research groups to contact each other with special programs, different programs using Claude’s API. If a firm wants to follow the AI underwriting policy or complex ESG (environmental, social and management), Claude can do this.

“Claude provides a complete platform for financial AI,” he said. “Each claim lasts a few minutes to the original source for direct transparency and the complex analysis that normally takes hours.”

This is probably the case if it sounds like the financial future. However, for thousands of young analysts who hoped to climb the ladder, Clode only took the first few laps from them.