Claude AI May Make Analyst Groupthink Even Worse: Parmy Olson

The past week of volatility showed how fickle and conformist financial markets are: One minute we’re in an artificial-intelligence bubble that’s about to burst, the next we’re witnessing AI disruption across multiple industries. The latter belief underpinned the latest $1 trillion rout, triggered by new legal and financial tools from AI firm Anthropic PBC. At least, that’s what the herd decided. Anthropic’s open-source legal plugin for Claude Cowork isn’t as effective as tools from legal AI specialists such as Harvey and Legora. Yet many investors saw it as an opportunity to rush to the exits on positions they were already nervous about.

The irony is ...