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Top related persons:
Michael Abbott - 2 Morgan Stanley - 1 Andrew Kelly - 1 Sal Cucchiara - 1 Morgan Stanley's - 1 Cucchiara - 1 Andy Saperstein - 1 Sam Altman - 1
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REUTERS - 2 Thomson - 2 New York Stock Exchange - 1 Bankers - 1 Saperstein - 1 Wall - 1 JPMorgan - 1 Rival Bank of America's - 1

Search resuls for: "Michael Abbott"


4 mentions found


☆ Morgan Stanley to launch AI chatbot to woo wealthy
  + stars: | 2023-09-07 | by ( Tatiana Bautzer Lananh Nguyen | Tatiana Bautzer | Lananh Nguyen | ) www.reuters.com   time to read: +4 min
The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Sept 7 (Reuters) - Wealthy clients going to a Morgan Stanley banker to discuss their investments may soon have a different sort of experience: having a chatbot listen to their conversation. They signed a deal last summer in which Morgan Stanley has preferred access in product development for wealth management. WEALTH RACEThe AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion. Morgan Stanley is not alone in its AI efforts.
Persons: Morgan Stanley, Andrew Kelly, Sal Cucchiara, Morgan Stanley's, Cucchiara, Andy Saperstein, Sam Altman, Boris Power, OpenAI, they'll, Morgan, James Gorman, JPMorgan Chase, Teresa Heitsenrether, Erica, Nick Reed, Michael Abbott, Abbott, Tatiana Bautzer, Lananh Nguyen, Megan Davies, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Bankers, Saperstein, Wall, JPMorgan, Rival Bank of America's, OpenAI, Microsoft, Accenture, Thomson Locations: Manhattan , New York City, U.S, California, New York
☆ Ford taps Apple exec to build high-margin digital services
  + stars: | 2023-08-14 | by ( Nathan Gomes Paul Lienert | Nathan Gomes | Paul Lienert | ) www.reuters.com   time to read: +2 min
REUTERS/Phil NobleAug 14 (Reuters) - Ford Motor (F.N) on Monday named former Apple (AAPL.O) executive Peter Stern as the president of its newly formed Ford Integrated Services unit to help build new high-margin digital and subscription services. Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will report to Ford CEO Jim Farley. In his new role, Stern will focus on integrating hardware, software and services across the company's Ford Blue, Model e and Ford Pro units. Ford now has more than 550,000 paid software and services subscribers, more than 80% of them through the Ford Pro commercial unit. "The basis for differentiation is shifting from the vehicles alone to the integration of hardware, software and services," Stern said.
Persons: Phil Noble, Peter Stern, Stern, Jim Farley, Ford, Doug Field, Michael Abbott, Farley, Ford's, We're, Nathan Gomes, Paul Lienert, Krishna Chandra Eluri, Sharon Singleton, Jonathan Oatis Organizations: Ford, REUTERS, Monday, Apple, Ford Integrated Services, Ford Pro, General, Thomson Locations: Liverpool, Britain, United States, Bengaluru, Detroit
☆ Apple cloud chief Abbott to step down in April - Bloomberg News
  + stars: | 2023-03-03 | by ( ) www.reuters.com   time to read: 1 min
March 3 (Reuters) - Apple Inc's (AAPL.O) head of cloud services Michael Abbott is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter. The iPhone maker did not immediately respond to a Reuters request for comment. Abbott, who joined Apple in 2018, is in charge of the iCloud service and the platform that powers features such as Emergency SOS and Find My on iPhones. Reporting by Leroy Leo and Eva Mathews in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
☆ Analysis: U.S. banks to pounce on fintech deals as valuations plunge
  + stars: | 2022-11-17 | by ( Saeed Azhar David French | Saeed Azhar | David French | ) www.reuters.com   time to read: +5 min
The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week. The Columbus, Ohio regional bank is scouring for more targets after it bought Torana, a payments fintech, in May. PNC Financial Services Inc (PNC.N) in September bought Linga, a fintech focused on restaurant operations and sales. The slide in fintech valuations coincides with banks earning more from traditional lending businesses as interest rates rise. Fintech deals enable banks to buy new technology or products instead of developing them in-house.
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