By James Mickleboro
Publication Date: 2026-03-26 23:25:00
Xero Ltd (ASX: XRO) shares end the week on a positive note.
In morning trading, shares of the cloud accounting technology company rose 2.5% to $74.24.
Image source: Getty Images
Why are Xero shares rising?
After releasing a promising announcement, investors bought the company’s shares.
There have been concerns that artificial intelligence (AI) could disrupt Xero’s business, but today it has shown how it could strengthen it.
This morning, Xero and Anthropic, the company behind Claude, announced a multi-year partnership that will integrate Claude’s AI directly into Xero and Xero’s financial data and tools into Claude.ai.
According to the press release, this will give small businesses and their accounting advisors real-time financial information and the ability to act on it wherever they choose to work.
Diya Jolly, Chief Product and Technology Officer at Xero, said:
Every day millions of small business owners ask the same questions: Why is money tight?
