Wall Street Outsourcing Stock Picking to Claude

Asset management giant T. Rowe Price has decided that the secret to beating the market is handing more of its fundamental research over to Anthropic's Claude. Rather than confining artificial intelligence to the back office, the firm is embedding Claude and Claude Cowork directly into the daily workflows of its portfolio managers and analysts to synthesise complex financial data.

• T. Rowe Price claims Claude frees up analysts for deep thinking, though it mostly just helps them skim mountains of corporate filings faster.
• Developers are using Claude Code to build proprietary investment tools, ensuring the machines help design the very systems tracking human financial judgment.
• The firm insists human accountability remains central, carefully framing this as an extension of their 90-year research tradition rather than mass algorithmic adoption.

Read the original: T. Rowe Price brings more of Claude to its investment process