Hedge fund giant Millennium Management has teamed up with Anthropic to build an artificial intelligence-powered risk analyst and expand adoption of the Claude models throughout its business.

The new tool will support human risk managers by analyzing data and generating risk insights across multiple asset classes, while Anthropic’s engineers will collaborate directly with Millennium’s technology teams.

The collaboration reflects an ongoing shift among asset managers toward using AI to enhance trading, research, and operational processes. Millennium said AI will help increase employee capabilities while keeping human judgment central to investment decisions, as the firm continues to expand its AI lab and technology initiatives.