Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
- Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide Artificial Intelligence, CNBC has learned.
- The bank is elevating Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm, according to a memo sent Thursday.
- Morgan Stanley became the first major Wall Street firm to create a solution for employees based on OpenAI’s GPT-4, a project overseen by McMillan.
