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Morgan Stanley: AI Could Automate Advisory Work

"This is potentially really game-changing" - CEO, Morgan Stanley

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Today’s Story

"This is potentially really game-changing" - CEO, Morgan Stanley

The Bank is reportedly working with OpenAI to develop an internal tool that will transcribe and enter notes from client meetings

Morgan Stanley's CEO, Ted Pick, thinks this tool could save financial advisers at least 10-15 hours a week.

As simple as this sounds, given the scale and size of Morgan Stanley and their traditionally risk-averse stance, the implementation of tools that can handle client data and work with thousands of advisers marks the beginning of large-scale AI adoption.

This scale of integration is something companies are still struggling to find, as many model developers and tech companies turn to consulting firms themselves to help sell their tools into large enterprises.

Headlines

  • Apple and OpenAI Partner to Integrate GPT into IOS (OpenAI)

  • Adobe Says They Will Not Train AI on Customers’ Work (Verge)

  • New York Bill to Protect Actors From AI Replicas (TW)

  • TSMC May Raise Production Fees for Nvidia (Nikkei)

  • The Inherent Surrealism of AI Art (artnews)

  • Zoom Wants AI Clones to Attend Your Meetings (Verge)

Research

The AI Model Giving Sora a Run for Its Money

  • Innovation in AI video technology is fast moving, and the tools are becoming increasingly powerful.

  • Kling, the latest AI video model developed by Chinese company Kuaishou, is making a significant impact. With capabilities that rival those of OpenAI’s highly anticipated Sora model.

  • This powerhouse reportedly generates up to 2 minutes of stunning 1080p video from a single text prompt. That’s right, you read that correctly – 2 whole minutes!

  • Kling takes things to the next level by accurately simulating real-world physics, supporting various aspect ratios and shot types, and enabling advanced 3D face and body reconstruction for incredibly lifelike expressions.

  • From the demos we’ve seen, Kling’s videos are nothing short of jaw-dropping. The photorealism looks to be unparalleled, with some clips leaving us questioning whether they’re AI-generated or the real deal.

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