Anthropic announced Claude Personal Finance, a new feature rivaling OpenAI's ChatGPT Finances launched in May. Both AI tools allow users to link bank accounts via Plaid to view financial dashboards on topics like savings plans and monthly expenses. A key difference lies in privacy: by default, Anthropic does not use Personal Finance conversations to train its models, and data is lost upon bank unlinking.
OpenAI follows standard ChatGPT model training settings, requiring users to opt out of data sharing, and synced data is deleted within 30 days of disconnection. Anthropic emphasizes that its feature has no ads or sponsored recommendations and does not offer its own credit cards, loans, or savings accounts, differentiating it from OpenAI, which has been testing ads for cheaper tiers and plans to partner with Intuit for more features. Both tools offer read-only access, with Anthropic viewing bank name, account type, last four digits, balances, credit limits, and two years of transactions, while OpenAI also accesses investments and liabilities.
Anthropic seeks feedback from banks and wealth managers to improve the tool as it prepares for a potentially record-breaking IPO valuation.
Source: Engadget · Summarized by HeadlinesBriefing