TECH - Morgan Stanley Pioneers Wall Street's AI Revolution With OpenAI-Powered Assistant | Benzinga
Morgan Stanley (NYSE: MS) introduced its financial assistant powered by OpenAI’s generative AI software, marking Wall Street's entry into the generative AI domain.
What Happened: The AI-driven assistant is now operational for all the bank's financial advisors and their auxiliary staff, according to an internal memo accessed by CNBC. The bank believes in the transformative power of generative AI for streamlining client interactions and amplifying advisors' efficiency.
While industry giants like Goldman Sachs Group Inc (NYSE: GS) and JPMorgan Chase & Co (NYSE: JPM) have disclosed initiatives harnessing generative AI, according to CNBC’s report, Morgan Stanley holds the distinction of being the inaugural major Wall Street entity to launch a customized solution ...