AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Key Points

Morgan Stanley is expanding the use of OpenAI-powered generative AI tools to its vaunted investment banking and trading division, CNBC has learned.
The firm began testing a version of an AI assistant based on OpenAI’s ChatGPT, called AskResearchGPT, this summer in its institutional securities group, according to Katy Huberty, Morgan Stanley’s global director of research.
Employees have been using it instead of getting on the phone or lobbing an email to the research department, Huberty said.

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