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Claude for Financial Services

anthropic.com

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Re: Claude for Financial Services

#71

Post by eddythompson80 »

srivmo wrote: post #66
eddythompson80 wrote: post #22

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…

> Nothing AI does wasn't possible before Nothing any technology does wasn't NOT possible before that tech went mainstream. The point being tech saves time/cost and boosts productivity. For e.g. if you would have been able to find a webpage in an hour before, search made it easier to find that webpage. Similarly, AI synthesizes webpages and information for you. That is the point of technology. If you could reach from…

Yes without a search engine it’s a very real possibility that I could not find a web. Without a phone I couldn’t reach a person faster than I could physically move in space. Without a space rocket, I couldn’t escape earth’s gravity. Without AI I couldn’t… I don’t know how to finish this sentence without having it be self referential. As in “without AI I couldn’t have used AI to do this”. What can it be?

Re: Claude for Financial Services

#72

Post by ido »

osn9363739 wrote: post #27

The scope of financial services is pretty broad right. And it's not always about the raw data. So much of it seems to be 'how do we tell the story we want to tell with the numbers we have'. I say this as someone who hangs out with people that work with the big 4 but honestly I have little clue about the day to day. They seem to do analysis, the client will say that doesn't vibe with what they want to tell shareholder…

I thought at first it meant stuff like bookkeeping and taxes and got excited…the most boringly mind numbing work that’s still not quite that easy to automate. I’m guessing that too will come soon enough.

Re: Claude for Financial Services

#74

Post by Imustaskforhelp »

gyosko wrote: post #73

Vibe investing is coming and it's going to make a lot of people poor.

My brother legit invested in a company some 60$ in a company that chatgpt recommended, then he saw that it makes sense.

The day he bought, everything went downhill in that particular company lol. But to be fair, he said that he just had this as chump change and basically wanted to just invest but didn't know what to (I have repeatedly told my brother that invest funds are cool and he has started to agree {I think})

Also don't forget all the people atleast in the crypto alt space showing screenshots saying that grok/chatgpt (since they only know these two most lol) are saying that their X crypto is underrated or it can increase its marketcap to Y% of total market or it has potential to grow Z times and it is the Nth most favourite crypto or whatever. Trust me, its already happening man but I think its happening in chump change.

The day it starts to happen in like Thousand's of dollars worth of investment is the day when things would be really really wrong

Re: Claude for Financial Services

#77

Post by intended »

jasonthorsness wrote: post #7

I think their vending machine project might need to succeed before you should trust Claude for investment advice: https://www.anthropic.com/research/project-vend-1 Fun aside, finance and code can both depend critically on small details. Does finance have the same checks (linting, compiling, tests) that can catch problems in AI-generated code? I know Snowflake takes great pains to show whether queries generating repor…

Financial modeling does have formatting norms, eg: different coloring for links, calculations, assumptions and inputs.

However one of the major ways people know their model is correct is by comparing the final metrics against publicly available ones, and if they are out of sync, going through the file to figure out why they didnt calculate correctly.

Personally, this is going to be the same boon/disaster as excel has been.

Re: Claude for Financial Services

#78

Post by blitzar »

sorcerer-mar wrote: post #45
AdieuToLogic wrote: post #42

Earlier quoted context omitted.

> Reading tons of reports, no? Reading != Understanding

Sure. I'm not saying it's a good idea. It was a glaring omission from the provided list.

It is an excellent idea - the first useful LLM most in finance have / will interact with is to throw the 1000's of daily reports into a vector database and query against that.

"Whats the consensus in todays research about AAPL?" Out comes a distilled report with clickable links back to the ai slop Goldmans et al sent out this morning.

Re: Claude for Financial Services

#79

Post by MaxPock »

injidup wrote: post #76

As my father always told me. Anyone selling you a system to win at the casino/racetrack/stock exchange is a scammer. If the system actually worked then the system would not be for sale.

"buy my 300 dollar course and learn how to make money online "

Re: Claude for Financial Services

#80

Post by blitzar »

MaxPock wrote: post #79
injidup wrote: post #76

As my father always told me. Anyone selling you a system to win at the casino/racetrack/stock exchange is a scammer. If the system actually worked then the system would not be for sale.

"buy my 300 dollar course and learn how to make money online "

leaked contents: "sell a 300 dollar course on how to make money online to suckers"
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