Morgan Stanley will reportedly launch later this month aartificial intelligence (AI)The chatbot, which was created by a partnership withOpenAIThe company is co-developed to provide investors with more accurate investment advice. The chatbot will be able to listen to conversations between bankers and wealthy clients and, with the client's permission, create meeting summaries, draft follow-up emails suggesting next steps, update the bank's sales database, schedule follow-up appointments and learn how to help advisers manage clients' finances, including taxes, retirement savings and estates.
Meanwhile, bankers can use this chatbot to quickly find research reports or forms without having to sift through hundreds of thousands of documents. The impact of AI will be significant, rivaling even the emergence of the Internet, according to Sal Cucchiara, chief information officer (CIO) of Morgan Stanley's wealth and investment management, who is one of the executives who are actively driving Morgan Stanley's foray into AI.
Morgan Stanley has partnered withOpenAIThe company has signed an agreement to jointly develop an AI wealth management product. While the AI bots will provide insights and administrative support to financial advisors, investment recommendations will still be made by humans. Employees at Morgan Stanley see the technology as a useful tool and are not concerned that they will be replaced by robots.
Morgan Stanley is aggressively driving an artificial intelligence strategy that is part of its strategy to drive change in its wealth division, which is aiming for $10 trillion in assets under management.
This article comes from users or anonymous contributions, does not represent the position of Mass Intelligence; all content (including images, videos, etc.) in this article are copyrighted by the original author. Please refer to this site for the relevant issues involvedstatement denying or limiting responsibilityPlease contact the operator of this website for any infringement of rights (Contact Us) We will handle this as stated. Link to this article: https://dzzn.com/en/2023/832.html
