Morgan Stanley Wealth Management is harnessing the capabilities of OpenAI’s GPT-4 to enhance the delivery of insights and information for its financial advisors. Simultaneously, Stripe is integrating GPT-4 into its offerings to improve user experience.
As one of the initial organizations to adopt GPT-4, Morgan Stanley Wealth Management aims to utilize this advanced multimodal large language model to access, process, and synthesize information related to various sectors, companies, asset classes, capital markets, and global regions. The technology, tailored specifically for Morgan Stanley, will enable financial advisors and their teams to engage with extensive data and content easily through insightful, digestible responses.
The bank anticipates that continuous interactions and feedback will refine this tool further, enabling advisors to better meet client needs. Andy Saperstein, Co-President and Head of Morgan Stanley Wealth Management, remarked, “Our goal is to leverage OpenAI’s groundbreaking technology as a competitive advantage, allowing our Financial Advisors to access Morgan Stanley’s insights in ways previously unimaginable. This innovation will elevate our ability to synthesize our extensive intellectual resources, ultimately freeing up valuable time for advisors to focus on serving their clients effectively.”
In parallel, Stripe is also participating in the GPT-4 beta, primarily aimed at enhancing its documentation. By allowing developers to pose natural language queries within Stripe Docs, GPT-4 can efficiently summarize or extract pertinent information, enabling developers to dedicate more time to building rather than sifting through documentation. Additionally, Stripe has entered into an agreement to facilitate payments for OpenAI as it ventures into commercializing its innovative ChatGPT and DALL·E technologies.
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