NEW YORK - The use of artificial intelligence could save Morgan Stanley's financial advisers between 10 to 15 hours a week, the bank's CEO Ted Pick told investors at a conference on Monday.
"This is potentially really game-changing," Pick said. The bank's tool to transcribe and enter notes from client meetings into a database could increase advisers' productivity, he said. It could also help them to fine-tune topics to discuss with individual clients and tailor investment products to clients' needs, he said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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