The assistant, called Debrief, keeps detailed logs of advisors' meetings and automatically creates draft emails and summaries of the discussions, bank executives told CNBC.
Morgan Stanley's wealth management division hosts about 1 million Zoom calls a year, the bank told CNBC.
Zoom In Icon Arrows pointing outwards Morgan Stanley’s new Debrief program, a new AI tool for wealth management advisors based on OpenAI’s GPT-4.
In a sense, Morgan Stanley's projects in generative AI amount to a "grand experiment in productivity," said McMillan.
Morgan Stanley's wealth management division is one of the world's largest with $5.5 trillion in client assets as of March; the firm wants to reach $10 trillion.
Persons:
Bing Guan, Morgan Stanley, Jeff McMillan, Morgan Stanley's, McMillan, Morgan, I'm, Don Whitehead, who's
Organizations:
Bloomberg, Getty, CNBC
Locations:
Houston