AI Threatens Finance’s Perpetual Profit Machine: Paul J. Davies (Correct)

Artificial intelligence doesn’t only threaten to put herds of software businesses out to pasture. Anthropic PBC’s schooling of its Claude models in financial modelling has also sent a cold shiver down the spines of bankers and analysts. While I mostly suspect that the banking industry’s talent for self-preservation will defend it from technological change, I do wonder if the extreme version of our fully automated AI future could make financial services as irrelevant as everything else.

Finance has a very long history of always finding new ways to get paid even as the world of money keeps changing. In only ...