Morgan Stanley plans to cut 3 per cent of its global workforce, despite a 14 per cent revenue increase. Speculation mounts over AI’s role in such corporate decisions Ted Pick, chief executive of Morgan Stanley, predicted in 2024 that AI could save the bank’s financial advisers between 10 and 15 hours a week. “This is potentially really game-changing,” Pick told investors, adding that the bank’s tool to transcribe... [1802 chars]
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