T. Rowe Price expands use of Anthropic’s Claude AI across investment process
T. Rowe Price and Anthropic announced an expanded rollout of Claude, Claude Cowork and Claude Code across the firm’s investment organization. Portfolio managers and analysts will use the models for fundamental research, while developers build custom investment tools with Claude Code, aiming to increase capacity for processing the massive data streams that drive investment decisions.
Key points
- T. Rowe Price is expanding Anthropic’s Claude, Claude Cowork, and Claude Code across its investment research and tool‑building teams.
- The rollout follows the firm’s AI leadership model, with T. Rowe Price Labs governing responsible AI use while keeping human judgment central.
- Executives Peter Nolan and Eric Veiel say Claude lets analysts cover more ground, deepening analysis in a firm with a 90‑year research legacy.
The expansion follows the AI leadership model introduced in August, which places AI leaders inside Investments and Global Distribution and tasks T. Rowe Price Labs with evaluating and scaling AI responsibly. Each application remains owned by the business unit, governed by firm‑wide responsible‑use standards, and designed to keep human judgment central to client outcomes. Peter Nolan of Anthropic and Eric Veiel of T. Rowe Price described Claude as an extension of a research process that has served clients for nearly 90 years, helping professionals cover more ground and dig deeper.
The initiative is part of a broader AI strategy that includes training, talent development, and responsible‑use guidance, positioning T. Rowe Price to lead the asset‑management industry in AI‑augmented investing.
The story so far
32 episodes →- T. Rowe Price expands use of Anthropic’s Claude AI across investment process this story
T. Rowe Price brings more of Claude to its investment process
Anthropic Engineering · 10 September 2026
T. Rowe Price brings more of Claude to its investment process
T. Rowe Price's portfolio managers and analysts are working with Claude and Claude Cowork on fundamental research, and its developers are building investment tools with Claude Code.
T. Rowe Price, a global investment management firm, and Anthropic today announced the expansion of Claude across the firm’s investment organization. Portfolio managers and analysts at the global investment management firm are working with Claude and Claude Cowork on their research, and its developers are building investment tools with Claude Code.
T. Rowe Price is an active manager, so its investment decisions rest on its own fundamental research. Analysts and portfolio managers read and evaluate large volumes of information, then apply their judgment to reach a view. The firm's goal with using Claude is to give them more capacity for this type of work.
The firm is using Claude for three areas of the investment process:
All of this runs under the AI leadership model T. Rowe Price announced in August, which places AI leaders inside Investments and Global Distribution and charges T. Rowe Price Labs, the firm’s enterprise AI and data innovation hub, with evaluating and scaling AI across the firm. Each application is owned by the business, governed by the firm's standards for responsible use, and built so that human judgment and accountability stay at the center of client outcomes.
"Most enterprise AI deployments start with the back office. T. Rowe Price started with the people who pick the securities," said Peter Nolan, Head of Asset and Wealth Management at Anthropic.
Eric Veiel, President, Co-head of Global Investments, and Chief Investment Officer at T. Rowe Price, described Claude as an extension of a research process that has served the firm's clients for nearly 90 years. "Claude lets our investment professionals cover more ground and go deeper on what matters," he said.
This work fits into T. Rowe Price’s broader AI efforts, which include training, talent development, and responsible-use guidance to help associates build confidence using AI while keeping human judgment and client focus front and center.The firm's stated ambition is to lead the investment management industry in how AI is applied to investing, to running the firm, and to serving clients.
Get started with Claude Enterprise today.
Get the developer newsletter
This text was published by Anthropic Engineering . It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us.
Comments
via GitHub Discussions