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Focus: Morgan Stanley to launch AI chatbot to woo wealthy

  • Morgan Stanley to launch AI chatbot to engage wealthy clients, developed with OpenAI, makers of ChatGPT
  • Bot can quickly find research, forms for advisers instead of sifting through documents
  • Technology could create meeting summary, draft follow-up, update sales database
  • Part of bank's strategy to grow wealth division to $10 trillion in assets under management
  • JPMorgan, Bank of America also developing more advanced uses of AI like generative models
reuters.com
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