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Morgan Stanley Expands OpenAI-powered Chatbot Tools to Trading Division

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its investment banking and trading division, according to a story on CNBC. The firm, which launched an AI assistant based on OpenAI’s ChatGPT technology to its wealth management advisors in early 2023, began rolling out another version called AskResearchGPT this summer in its institutional securities group. The tool lets users extract answers from across the universe of Morgan Stanley’s research — including stocks, commodities, industry trends and regions — collapsing what could otherwise be the cumbersome task of gleaning insights from the more than 70,000 reports produced annually by the bank.

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