The new intern in Wall Street is a AI and already does jobs

The change in finance should give everyone who still keeps artificial intelligence a distant threat. On July 15, Wall Street met its most overqualified and tireless intern. The AI security and research company Anthropic, a main competitor of Openaai, presented its new “financial analysis solution”, an improved version of his Claude AI assistant who generally support the research, modeling and compliance grunt, the financial teams on junior analysts.

The Special version From Claude can now analyze corporate results, scan huge camp of financial data, perform complex Monte -Carlo simulations (a highly developed technology that plays a financial “what if” playing a thousand times to depict all options) and investment memos that look like you come from a person who has not slept in three days. However, the person in question may not be required much longer.

The announcement came with powerful certificates from industry giants. Bridewater Associates, one of the largest and most influential hedge funds in the world, is already a user.

“We have been developing skills since 2023,” said Aaron Linsky, CTO of AIA Labs in Bridgewater. “Claude has operated the first versions of our investment analyst assistant, who optimized the workflow of our analysts by generating Python code, creating data visualizations and iteria complex financial analysis tasks with the accuracy of a junior analyzing.”

The translation is clear: Claude already does the work of employees of the entry level in the most elite companies worldwide.

Claude is now a financial analyst in a box

Anthropic claims that his latest model, Claude 4, exceed GPT-4 and other competitors from Openaai on specialized financial tasks. In a benchmark, Claude achieved an accuracy of 83 percent for complex Excel modeling challenges that simulate real investment cases. This means that Claude can now carry out tasks that are the foundation of modern finances:

• Create and optimize the complicated financial models used to evaluate companies or to predict cash flows.
• Analyze quarterly profit calls and immediately summarize the most important snack bars.
• Pull data from complex data warehouses such as snowflake or databricks (think of this as a huge, centralized digital libraries for a company’s financial information) and visualize them if necessary.
• Design of institutional quality pitch decks and investment memos.
• Write the Python code, a popular programming language to automate tedious tasks of the numbers.

Claude doesn’t just help people; It carries out entire workflows. That is why Anthropic positions it less as a simple chat bot and more than the company’s workhorse.

213,000 hours away and do not come back

The statistics provided by Early Adopters are astonishing. According to Claude, NBIM, NBIM, NBIM, managed one of the largest investment funds worldwide. CEO Nicolai tanced the productivity gains at around 20 percent and added that Claude now automates the monitoring of messages and income for 9,000 companies.

In the meantime, the insurance giant AIG says that it uses Claude to change his insurance procedure. According to CEO Peter Zaffino, “we were able to compress the schedule for reviewing the business by more than 5x (…) and at the same time improve our data accuracy from 75% to over 90%.”

In the world of financing the high operations, speed and precision are everything. Claude seems to offer both without demanding a bonus or making a vacation.

The death of the analystspur?

For decades, prospective financiers have reduced their teeth as an entry -level analyst with large banks and hedge funds. The work is notoriously brutal, defined by 80 hours weeks, endless Excel modeling and all the nighers that build pitch decks that nobody could read. But it was always the main transition rite to a lucrative career.

Now Claude does all of this. It makes it faster to impress without typing errors and without a managing director.

While Anthropic insists that the goal is to free people, it is clear where this leads. Claude not only saves time for grunt work. It has the potential to replace the need for junior analysts to do this work at all.

Anthropic poses this as a win-win situation. Companies save money and analysts can “focus on higher tasks”. In a Cutthroat industry in which the cost reduction is constant, these tasks may not be fast enough at a higher level to absorb a workforce whose main function has been automated.

AI no longer only comes for jobs with blue collar

The financial industry has long assumed that its white collar ranks were safe from AI disorders. Automation can reach the factory or call centers, but not to the corner office.

Claude calls this assumption directly. And it’s not alone. Openai works with PWC on similar initiatives. Google embeds its Gemini models in trading platforms. The race is to see which KI company can change the Wall Street first and harvest the rewards. Claude’s edge could be his deep integration strategy. It combines with essential financial data sources from S&P Global and Morningstar as well as platforms such as Palantir and Snowflake. Thanks to partnerships with auditing companies such as PWC and Deloitte, Claude can even write compliance guidelines.

In short, Claude is not only intelligent. It is deeply wired into the installation of modern finances.

A future in which your AI writes memos

Anthropic said that Claude is now available on the AWS marketplace, whereby Google Cloud’s availability will be made shortly. Companies can initiate it in their research teams or build user -defined applications using the Claude API, a tool with which various software programs can communicate with each other. If a company wants his AI underwriting guidelines to write or pursue complex ESG (Environmental, Social and Governance) compliance, Claude can do this too.

“Claude offers the entire Financial AI platform,” said the company. “Each claim directly combines with its original source for transparency and complex analyzes that normally takes hours.”

If that sounds like the future of finances, it is likely. But for thousands of young analysts who hope for the ladder, Claude may have just pulled out the first sprouts among them.