Reading Is Not Using: Retrieval, Judgment, and the Design of AI Financial Research Workflows

Large language models (LLMs) are increasingly deployed as AI analysts to process financial disclosures and support AI-assisted investment decisions.

Large language models (LLMs) are increasingly deployed as AI analysts to process financial disclosures and support AI-assisted investment decisions. Yet such systems are usually evaluated by what they can retrieve, not whether retrieved information affects their judgments. We…