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Stock impact report

The Future Of Banking: Morgan Stanley And The Rise Of AI-Driven Financial Advice [Forbes]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Forbes
Generative AI, the technology made famous by ChatGPT, will profoundly change the landscape of banking operations. According to McKinsey, generative AI could add between $200 and $340 billion in value for banks per year (9–15 percent of operating profits). In this article, we'll see how banking giant Morgan Stanley has begun to harness generative AI – and explore broader use cases for generative AI in banking and finance. Introducing Morgan Stanley's New AI Assistant In 2023, Morgan Stanley launched a new internal AI assistant based on OpenAI's ChatGPT technology. Called AI @ Morgan Stanley Assistant , the tool is designed to help Morgan Stanley financial advisors and support staff access and digest over 100,000 research reports. Basically, it's a custom-made encyclopedia for finance professionals, helping them to answer questions on investment recommendations, general business performance, and even on internal processes (such as how to complete certain applications). Think of i Show less Read more
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