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

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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