European investment platform opens trading to AI assistants, with mixed results in early tests
Scalable Capital, a Munich-based bank, has become the first in Europe to let customers use AI assistants like ChatGPT and Claude to manage portfolios and place trades. The company claims this democratizes access to financial intelligence, but a June study found AI performance varies, with Claude outperforming human traders in 76% of cases. The service is available to over a million clients across Europe.
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Original headline: “A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch.” Browse more stories.