Morgan Stanley's AI Boost

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Headlines

Morgan Stanley’s CEO Says AI to Save Advisors 15 Hours a Week

CEO Ted Pick, who took over from former CEO James Gorman in January, said the bank’s wealth advisors could save as many as 15 hours a week by leveraging AI.

• The bank’s AI tool can boost advisor productivity by transcribing and categorizing client meetings, making follow up conversations more seamless, Pick said Monday at Morgan Stanley’s annual financial services conference. (PYMNTS)

• The bank’s AI tool leverages OpenAI’s large language model and was rolled out to financial advisors last September. (CNBC)

• Big Picture: Saving 10 hours a week across…