Morgan Stanley Expands OpenAI-Powered AskResearchGPT to Institutional Securities Division

Morgan Stanley Introduces AskResearchGPT to Wall Street

Morgan Stanley, a leading global investment bank, has expanded its use of OpenAI-powered generative artificial intelligence tools to its institutional securities division. The bank has introduced AskResearchGPT, a sophisticated AI assistant designed to revolutionize how investment banking and trading staff access and utilize research information 1

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Functionality and Integration

AskResearchGPT allows users to extract answers and insights from Morgan Stanley's vast research database, which includes over 70,000 proprietary reports published annually. The tool is seamlessly integrated into the day-to-day workflow of the institutional securities staff, providing one-click access to comprehensive and up-to-date research information 2

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Productivity Enhancements

According to Katy Huberty, Morgan Stanley's global director of research, AskResearchGPT is a "game changer" for productivity. The tool has significantly reduced the time required for salespeople to respond to client inquiries, with responses now taking just one-tenth of the time compared to previous methods 3

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Widespread Adoption of AI Tools

Morgan Stanley reports that nearly half of its 80,000 employees are now using generative AI tools created with OpenAI. This adoption rate is comparable to other major financial institutions, with JPMorgan Chase providing access to similar AI platforms to about 60% of its workforce 2

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Impact on Client Service

The implementation of AskResearchGPT is expected to enhance client service significantly. The tool allows staff to quickly compile research findings into email drafts, complete with hyperlinks to relevant research materials. This feature enables both staff and clients to delve deeper into the original research when needed 1

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Future Developments

Eden Kidner, head of technology strategy for Morgan Stanley Research, indicates that AskResearchGPT is just the beginning. The bank plans to expand the platform's capabilities by incorporating additional information sources, skills, and languages 1

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Human Element in Research

Despite the advanced capabilities of AskResearchGPT, Morgan Stanley emphasizes that human analysts will continue to play a crucial role. Huberty states that while AI enhances efficiency, it is still humans who generate ideas, make critical decisions, and maintain important client relationships 3

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