Morgan Stanley Expands OpenAI Tools Across Wall Street Operations

Morgan Stanley is expanding its use of OpenAI tools across its wealth management and investment banking operations, bringing AI capabilities to more areas of the Wall Street bank's business. The expansion builds on an existing partnership between the two companies.

The deployment of AI tools across Morgan Stanley's operations aims to enhance productivity for financial advisers, analysts and bankers by automating research, generating insights and streamlining client communications.

Morgan Stanley's deepening commitment to OpenAI's technology signals the accelerating adoption of AI in investment banking and wealth management, where firms are racing to deploy AI tools that can provide competitive advantages in client service and operational efficiency.