London Stock Exchange Group PLC (LSE:LSEG) added a touch more shine to its AI credentials this week, announcing a partnership with Anthropic, the US start-up behind the Claude chatbot.
The deal will give Claude’s users access to financial data licensed through LSEG’s platforms, via a phased rollout, and investors appear pleased.
Citi, which rates the shares a 'buy' and includes them on its European focus list, said the tie-up should be “taken well” by the market.
It follows last week’s upbeat third-quarter results, where chief executive David Schwimmer hinted that “the list of partners will continue to grow”.
The agreement helps ease earlier concerns that AI models could bypass LSEG’s data business by sourcing information from rivals. Instead, it suggests large language model developers may prefer to plug into its high-quality, licensed datasets.
Citi reckons this could underpin “strong LLM-led demand” and keep the company’s data and analytics arm growing at a brisk pace.
Attention now turns to LSEG’s innovation forum on 10 November, where the group is expected to showcase more of its own AI tools.
For now, the partnership with Anthropic looks a well-timed move; one that could reinforce the exchange’s status as a key supplier of trusted data in the age of machine learning.