T. ROWE PRICE WORKS WITH ANTHROPIC TO BRING CLAUDE TO MORE OF ITS INVESTMENT PROCESS
T. Rowe Price (TROW) is expanding the use of Anthropic's Claude AI across its investment organization to support research, workflows, and technology development.
Rhea-AI Summary
T. Rowe Price (TROW) is expanding the use of Anthropic's Claude AI across its investment organization to support research, workflows, and technology development.
Portfolio managers and analysts are using Claude Cowork to synthesize complex information, increase research capacity, and assist with knowledge-intensive, multistep processes. Developers are adopting Claude Code to build and improve tools that enhance productivity in investment and operating workflows. All applications operate under the firm's AI leadership model and standards for responsible use, which keep human judgment and accountability central to client outcomes. The initiative is part of a broader firmwide effort to pair AI adoption with training, talent development, and continued investment in people and capabilities. T. Rowe Price portfolios also invest in Anthropic.
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The firm is putting Claude and Cowork in the hands of its portfolio managers and analysts and bringing Claude Code to its developers
As an active investment firm, T. Rowe Price builds its decisions on proprietary fundamental research. That means its analysts and portfolio managers read and evaluate large volumes of information, then apply experienced judgment to reach a view. The firm's goal is to give its investment professionals more capacity for exactly that work.
Claude gives time back and will be put to work where it can add the most value to the investment process:
- Research and insights: Claude Cowork will help investment professionals synthesize complex information and create more capacity for research, analysis, and debate.
- Workflow support: Claude Cowork will assist teams with knowledge-intensive, multistep processes where efficiency, consistency, and appropriate oversight are essential.
- Technology enablement: Claude Code will support developers as they build and improve tools that enhance productivity across investment and operating workflows.
The work 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 innovation hub, with evaluating and scaling AI across the firm. Every application is owned by the business, governed by the firm's standards for responsible use, and built to keep human judgment and accountability at the center of client outcomes.
"Our approach has always been grounded in rigorous research, disciplined analysis, and experienced judgment," said Eric Veiel, president, co-head of Global Investments, and chief investment officer at T. Rowe Price. "Claude lets our investment professionals cover more ground and go deeper on what matters. It is a direct extension of the research process that has served our clients for nearly 90 years."
"We started where the firm creates the most value for clients, and we built the governance to scale from there," said Ramon Richards, global head of Technology, Data, and Operations and chief technology officer at T. Rowe Price. "This is not simply about adopting new tools; it is about building new ways of working that allow our associates to think more deeply and deliver more for clients, with the security and controls a firm of our responsibility requires."
"Research is the foundation that everything in active management is built on," said Peter Nolan, head of Asset and Wealth Management at Anthropic. "T. Rowe Price is bringing Claude into that part of the firm, where the bar for accuracy and judgment is highest, and where Claude can support the judgment of its portfolio managers and analysts."
The collaboration is part of a broader firmwide effort to pair AI with continued investment in people and capabilities. Through AI training, talent development, and responsible-use guidance, T. Rowe Price is helping associates build the skills and confidence to apply AI effectively while keeping human judgment and client focus at the center of its approach.
T. Rowe Price's work with Anthropic is designed to accelerate its adoption of advanced AI and further its ambition to lead the investment management industry in how AI is applied to investing, operating the firm, and serving clients.
T. Rowe Price portfolios invest in Anthropic.
ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing
OTHER MATTERS
Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words or phrases generally written in the future tense and/or preceded by words such as "will," "may," "could," "expect," "believe," "anticipate," "intend," "plan," "seek," "estimate," "preliminary," or other similar words are forward-looking statements. Various forward-looking statements in this press release relate to T. Rowe' Price's adoption and use of Anthropic's technology to advance its business and improve investment processes.
Forward-looking statements involve a number of known and unknown risks, uncertainties, and other important factors, some of which are listed below, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Important factors that may cause such differences include the anticipated benefits of the use of the technology, including time and cost savings, and realization of better outcomes, all of which may not be fully realized or may take longer to realize than expected.
Readers are cautioned that any forward-looking information provided by or on behalf of T. Rowe Price is not a guarantee of future performance. Actual results may differ materially from those in forward-looking information because of various factors, including, but not limited to, those discussed above and in Item 1A, Risk Factors, included in T. Rowe Price's Form 10-K Annual Report for 2025.
Any forward-looking statements speak only as of the date on which they are made, and T. Rowe Price does not undertakes an obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events.
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SOURCE T. Rowe Price Group
FAQ
How will T. Rowe Price's investment professionals use Claude Cowork?
Claude Cowork will help portfolio managers and analysts synthesize complex information and create more capacity for research, analysis, and debate. It will also assist teams with knowledge-intensive, multistep processes where efficiency, consistency, and appropriate oversight are essential.
What role does Claude Code play for T. Rowe Price developers?
Claude Code will support developers as they build and improve tools that enhance productivity across investment and operating workflows, aligning with the firm's broader AI strategy.
How is AI governed within T. Rowe Price's organization?
The work runs under an AI leadership model that places AI leaders inside Investments and Global Distribution and assigns T. Rowe Price Labs to evaluate and scale AI across the firm. Every application is owned by the business, governed by responsible-use standards, and designed to keep human judgment and accountability at the center of client outcomes.
How does this AI collaboration fit into T. Rowe Price's broader strategy?
The collaboration with Anthropic is part of a firmwide effort to pair advanced AI with continued investment in people and capabilities. Through AI training, talent development, and responsible-use guidance, T. Rowe Price aims to help associates apply AI effectively while maintaining a strong client focus.
Does T. Rowe Price have an investment relationship with Anthropic?
The company discloses that T. Rowe Price portfolios invest in Anthropic.
What scale of assets does T. Rowe Price manage?
T. Rowe Price is entrusted with managing $1.87 trillion in client assets as of July 31, 2026, with about two-thirds of those assets related to retirement.