Morgan Stanley wealth advisors are reportedly utilizing artificial intelligence (AI) to handle routine tasks, often referred to as 'grunt work'. This move is part of a broader trend in the financial services sector, where 91% of firms are either leveraging AI or exploring its potential. Select Goldman Sachs employees have access to a platform that includes a copilot assistant tool for investment bankers, which searches a large body of public and proprietary documents to answer questions and extract analysis, according to the WSJ. Executives in the financial industry acknowledge the significant opportunities AI presents but also note the higher stakes for asset managers due to the sensitive information they handle.
The spread of #artificialintelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also face higher stakes than other consumer-facing businesses because they manage sensitive information. https://t.co/OdJZgZxiE1
🔵 FINANCIAL INDUSTRY GRAPPLING WITH AI'S GIFTS AND PERILS, EXECUTIVES SAY The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also face higher stakes than other consumer-facing businesses… https://t.co/Jik0oN93bo
Wealth managers need to adopt AI — and fast https://t.co/viYE1WGkt1 | opinion
".. Select Goldman employees can access the platform directly .. such as a copilot assistant tool for investment bankers that searches a large body of public and proprietary documents to answer questions and extract analysis." @WSJ $GS #AI https://t.co/Ci0l6YuxUS
AI is already transforming financial services. Now's the time to ask yourself: are you investing enough? As 91% of financial services firms either leverage AI or explore its potential, staying ahead means acting now. https://t.co/JTY77bxNDA https://t.co/BeBvotDXla
Morgan Stanley wealth advisors reportedly tap AI to do their ‘grunt work’ https://t.co/BFvaOoMLxS https://t.co/dyqrUtsmf8