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Mar 15, 2023

ChatGPT for financial advice? Morgan Stanley tries AI

Posted by in categories: finance, robotics/AI

16,000 financial advisors of the bank must be nervous.

Multinational investment management and financial services company Morgan Stanley is deploying a sophisticated chatbot to support the bank’s army of financial advisors powered by the most recent OpenAI technology, according to CNBC

The tool’s goal is to help the bank’s advisors access its data.


Getty Images.

According to Jeff McMillan, head of analytics, data, and innovation at the company’s wealth management division, the bank has tested the artificial intelligence tool with 300 advisers. It intends to make it broadly available in the upcoming months.

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