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Morgan Stanley - 6 Jeff McMillan - 6 Morgan - 4 McMillan - 4 — - 3 Andy Saperstein - 3 We're - 3 Goldman Sachs - 3
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Business - 3 OpenAI - 3 AIMS - 3 Morgan - 3 CNBC - 3 Service - 2 IBM - 2 JPMorgan - 2

Search resuls for: "Jeff McMillan"


8 mentions found


☆ Morgan Stanley's new wealth boss Jed Finn shares his playbook from playing matchmaker with E-Trade clients to getting advisors to teach each other how to use AI
  + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +9 min
AdvertisementThe units are combining their outsourced investment services for ultra-high-net-worth wealth clients and institutional customers. The wealth management arm is there to help them pay less taxes on their windfall and manage their fortune. That said, Morgan Stanley has drawn the line in the past at some offerings like health savings accounts. AdvertisementFor Finn, those offerings are a means to an end: converting as many of these clients as possible to become fee-paying wealth management clients. The revenue and margins of the workplace channel and E-Trade, which Morgan Stanley acquired for $13 billion in 2020, are "irrelevant," he said.
Persons: —, Morgan, Jed Finn doesn't, Finn, Andy Saperstein, James Gorman's, Saperstein, Jacques Chappuis, Ben Huneke, Andy Saperstein's, Larry Lettera, Wagner, multibillion, Morgan Stanley, Finn isn't, We're, Jeff McMillan Organizations: Service, McKinsey, bank's, Business, Wall Street, Solium, OpenAI, AIMS
☆ Morgan Stanley is betting on AI to free up advisors' time to be 'more human.' Nearly 100% of advisor teams use it, and here's how.
  + stars: | 2024-04-11 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +7 min
Now he can answer those questions mid-call by asking the bank's AI chatbot, which typically takes 15 to 20 seconds. Morgan Stanley plans to expand AI projects firmwide, promoting Jeff McMillan, the head of wealth-management tech, in March to lead the effort. It can reference only the bank's internal content, can't use metaphors or analogies, and answers questions related only to wealth management. When asked if Donald Trump would make a good president, AIMS declined to answer, McMillan demonstrated to Business Insider. Related storiesBefore AIMS, Morgan Stanley had a product called FAST that could answer about 5,000 questions.
Persons: Patrick Biggs, Morgan Stanley, couldn't, Jeff McMillan, Donald Trump, McMillan, doesn't Biggs, Biggs, Morgan Stanley's, Morgan, OpenAI, We're, Dr, Seuss, ChatGPT, Morgan Stanley McMillan, hasn't, Jed Finn, Patrick Biggs Stavros Panopoulos, Morgan Stanley Morgan Stanley's, Biggs isn't Organizations: Business, OpenAI, AIMS, IBM, Morgan Locations: Cayman Islands
☆ Morgan Stanley is betting on AI to free up advisors' time to 'be more human.' Nearly 100% of advisor teams use it, and here's how.
  + stars: | 2024-04-11 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +8 min
Now, he can answer those questions mid-call by asking the bank's AI chatbot, which typically takes 15 to 20 seconds. Morgan Stanley plans to expand AI projects firmwide, promoting wealth management tech head, Jeff McMillan, in March to lead the effort. It can only reference the bank's internal content, can't use metaphors or analogies, and only answers questions related to wealth management. When asked if Donald Trump would make a good president, AIMS declined to answer, McMillan demonstrated to Business Insider. AdvertisementBefore AIMS, Morgan Stanley had a product called FAST that could answer about 5,000 questions.
Persons: —, Patrick Biggs, Morgan Stanley, couldn't, Jeff McMillan, Donald Trump, McMillan, doesn't Biggs, Biggs, Morgan Stanley's, Morgan, We're, Morgan Stanley's chatbot, Dr, Seuss, Morgan Stanley McMillan, hasn't, Jed Finn, Patrick Biggs Stavros Panopoulos, Morgan Stanley Morgan Stanley's, Biggs isn't Organizations: Service, Business, OpenAI, AIMS, IBM, Morgan Locations: Cayman Islands
☆ Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
  + stars: | 2024-03-14 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. Morgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firm-wide artificial intelligence, CNBC has learned. Last year, Morgan Stanley became the first major Wall Street firm to create a solution for employees based on OpenAI's GPT-4, a project overseen by McMillan. While Wall Street firms broadly pared back jobs last year, they competed to fill thousands of AI positions, poaching employees from one another. Read the full Morgan Stanley memo announcing McMillan's new role:
Persons: Morgan Stanley, Jeff McMillan, Andy Saperstein, Dan Simkowitz, McMillan, Teresa Heitsenrether, Goldman Sachs, Marco Argenti Organizations: company's, CNBC, Wall, JPMorgan Locations: New York, U.S, York
☆ Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors
  + stars: | 2023-09-18 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
Morgan Stanley has officially kicked off the generative AI era on Wall Street. "Financial advisors will always be the center of Morgan Stanley wealth management's universe," Morgan Stanley co-President Andy Saperstein said in the memo. Competitors including Goldman Sachs and JPMorgan Chase have announced projects based on generative AI technology. But Morgan Stanley is the first major Wall Street firm to put a bespoke solution based on GPT-4 in employees' hands, according to Jeff McMillan, head of analytics, data and innovation at Morgan Stanley wealth management. Called the AI @ Morgan Stanley Assistant, the tool gives financial advisors speedy access to the bank's "intellectual capital," a database of about 100,000 research reports and documents, McMillan said in a recent interview.
Persons: Morgan Stanley, Andy Saperstein, Goldman Sachs, JPMorgan Chase, Jeff McMillan, McMillan Organizations: CNBC, JPMorgan, Morgan
☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
  + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +13 min
Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.
Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT
☆ The reason the stock market has stayed relatively stable amid economic chaos: computer-driven trading
  + stars: | 2023-05-29 | by ( Alexandra York | ) www.businessinsider.com   time to read: +4 min
Amid a chaotic few months in the US economy, the stock market has remained relatively stable. Quant funds, which use computer models to trade, are helping calm the markets, The Wall Street Journal reported. Yet still, the stock market has remained somewhat calm. That stability is at least in part thanks to quant funds, according to The Wall Street Journal. Quant funds, or quantitative hedge funds, are investment funds that use computer-created algorithms, mathematical models, and artificial intelligence to make stock predictions.
☆ Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors
  + stars: | 2023-03-14 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration in Brussels, Belgium, on December 12, 2022. Morgan Stanley is rolling out an advanced chatbot powered by OpenAI's latest technology to help the bank's army of financial advisors, CNBC has learned. "This is like having our chief strategy officer sitting next to you when you're on the phone with a client." While generative AI has dazzled users and sparked a race among technology giants to develop products, it has also led some users down strange paths. Last month, Morgan Stanley analysts wrote that ChatGPT occasionally "hallucinates and can generate answers that are seemingly convincing, but are actually wrong."
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