Earlier quoted context omitted.
Nope If anything firms are pulling back (I know someone closely who works at blackrock).
I don’t just know someone who works in finance, I am someone who works in finance and I say you’re wrong.
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Agents for financial services and insurance
21–30 of 212 posts
Re: Agents for financial services and insurance
#22Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
Building a startup on an LLM is like building a house on a foundation of quicksand. As the LLM gets better it naturally erodes your moat. It's a completely different dynamic compared to the internet. It's why I'm watching this from the sidelines.
Re: Agents for financial services and insurance
#23Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
> Will the big labs leave anything for external competition? No, why would they if they have the choice? > what happened to platformication of everything? Business happened. The web works differently from how it used to. The users are different. LLM inference and AI tools is a different core product from search and ads. That, and we have the benefit of hindsight now. Maybe a Google newsroom would've actually been a g…
I'm confused because I remember using Google News in 2006?
Re: Agents for financial services and insurance
#24> We’re releasing ten ready-to-run agent templates for the most time-consuming work in financial services The templates being: pitch builder, meeting preparer, earnings reviewer, model builder, market researcher, valuation reviewer, general ledger reconciler, month-end closer, statement auditor, KYC (Know Your Customer) screener. Seems pretty scattershot. Reminds me of GPT Store.
Reads different to me. Some examples to go run with and build your own. Covers cases from the investment side and then the obvious ones in an accounting perspective. It would be highly surprising that any of these would be use in production without modification. I am sure it will happen but the intent to me is to take this and run with your own process.
Re: Agents for financial services and insurance
#25Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
You’re advocating for less competition? AI startup valuations are out of control. People are raising $20m seed rounds.
If you can’t prove PMF and differentiation with $10m, I’m sorry but you’re not a serious enterprise.
And if what you’re building is “pitch deck AI”, I mean, come on.
Re: Agents for financial services and insurance
#26Earlier quoted context omitted.
> Will the big labs leave anything for external competition? No, why would they if they have the choice? > what happened to platformication of everything? Business happened. The web works differently from how it used to. The users are different. LLM inference and AI tools is a different core product from search and ads. That, and we have the benefit of hindsight now. Maybe a Google newsroom would've actually been a g…
I guess the argument is that a tool built by a company with actual insight into and focus for financial services, with Anthropic as inference provider, would lead to more adoption and more use of Anthropic models. Something Anthropic could achieve either by just leaving things alone and having the best models, or alternatively by starting some kind of incubator or something. AWS might be a good model The issue with t…
Why would anthropic at all prefer this approach when that middle man can switch and cost-arbitrage between countless other model providers.
We're not talking about what is best for the consumer (ex more competition to force iterations and improvements), but what Anthropic thinks is best for Anthropic.
Re: Agents for financial services and insurance
#27Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
History suggests otherwise. railroads, telecoms, search all consolidated. The natural equilibrium for transformative infrastructure is winner take all. AGI/ASI won’t be different but will be nearly every vertical and governments will legislate too little too late.
Re: Agents for financial services and insurance
#28Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
I am not sure if people are using claude design, security review stuff and other tools they have built so far.
Building is the easy part. There are lot of service level stuff that I am sure anthropic will not be able to provide, therefore they are trying to partner with other orgs in that realm.
I am very skeptical about their stuff now.
If you are builder, I believe you should avoid anthropic, it can be default to monopolistic behavior, I am not saying they are doing it, but they could, where in they see what you are building, if you have traction, position a product in that realm. Just saying.
Re: Agents for financial services and insurance
#29Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
> in the early internet you wouldn't see google creating their own news site Google News was definitely a thing (and actually still exists).
just looked up, it is still a thing - learn something new everyday!
Re: Agents for financial services and insurance
#30Will the big labs leave anything for external competition? This probably killed a thousand startups in this space. in the early internet you wouldn't see google creating their own news site or facebook building their own animal farm. what happened to platformication of everything?
Building a startup on an LLM is like building a house on a foundation of quicksand. As the LLM gets better it naturally erodes your moat. It's a completely different dynamic compared to the internet. It's why I'm watching this from the sidelines.
Building a business on top of any SaaS platform is building on quicksand. I know that from experience.