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Claude for Financial Services

anthropic.com

31–40 of 118 posts

Re: Claude for Financial Services

#31

FWIW, OpenAI has an offering called “Solutions for financial services”: https://openai.com/solutions/financial-services/

Why are both AI giants choosing to pay attention specifically to this space out of all other spaces they could choose to focus on?

Because they have the money.

Re: Claude for Financial Services

#32

FWIW, OpenAI has an offering called “Solutions for financial services”: https://openai.com/solutions/financial-services/

Why are both AI giants choosing to pay attention specifically to this space out of all other spaces they could choose to focus on?

Two reasons come to mind. 1. AI hype is the hottest it will ever be, better to sell into as many industries as you can now while everyone is excited about it. 2. There are a lot of unknowns as to what these tools will be best at, or which workflows it will improve or supplant. Better to get more people in more industries using the tool now to uncover these use cases.

Re: Claude for Financial Services

#33

The more and more AI projects I see both at work and online, the more convinced I'm that I should treat AI as an application interface, that's all. It's a slightly different modality for the application. Nothing AI does wasn't possible before. You could always "create a price performance chart showing a stock's movement with key events annotated since May". You could also always buy dozens of software that will not j…

I've been thinking that for some time. Its a "looser way" to describe what you want as a different modality; a dynamic interface if you will. Even with code editors I've found its good to generate a lot of volume, but the detail still needs iteration or going back to direct instruction (i.e. code/clicking/etc). That applies to any artifact where iteration and validation is required to get it right. Instead of determi…

Maybe the problem in framing AI as an interface is that there isn't that much money in an "interface" is there?

Like there is no money in "GUI". There is a lot of work that each company wanting to build a good GUI app needs to put into their particular app. And the more specialized the app, the more custom and potentially complex and expensive that will be. But there are no "GUI companies", unless you count Microsoft and Apple as GUI companies.

Re: Claude for Financial Services

#34
post #23

Why is Anthropic focusing on vertical solutions? Shouldn't they just be trying to be the best horizontal platform everyone builds on top of?

> Shouldn't they just be trying to be the best horizontal platform everyone builds on top of?

there isn't money or moat in this due to commodification.

Re: Claude for Financial Services

#35

FWIW, OpenAI has an offering called “Solutions for financial services”: https://openai.com/solutions/financial-services/

Why are both AI giants choosing to pay attention specifically to this space out of all other spaces they could choose to focus on?

Money, will happily lay off staff for a buck the next morning.

Re: Claude for Financial Services

#37
post #31

Earlier quoted context omitted.

Why are both AI giants choosing to pay attention specifically to this space out of all other spaces they could choose to focus on?

Because they have the money.

I just don't see the value prop for LLM for financial markets specifically but I guess I'm not familiar with the workflows of analysts.

"Backtest this for me"

"Analyze this"

"Find a pattern"

"Beat the market"

Re: Claude for Financial Services

#38
post #23

Why is Anthropic focusing on vertical solutions? Shouldn't they just be trying to be the best horizontal platform everyone builds on top of?

Anthropic doesn’t have the universal name recognition of ChatGPT, so they’re going for an underdog strategy of building a portfolio of strong niches. Seems smart, sounds higher-margin.

Re: Claude for Financial Services

#39
post #31

Earlier quoted context omitted.

Because they have the money.

I just don't see the value prop for LLM for financial markets specifically but I guess I'm not familiar with the workflows of analysts. "Backtest this for me" "Analyze this" "Find a pattern" "Beat the market"

Reading tons of reports, no?
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