4min chapter

In the City cover image

Wall Street Banks Are Using AI to Rewire the World of Finance

In the City

CHAPTER

The Impact of Large Language Models and AI on Productivity

It's kind of amazing to see the speed at which people have picked up large language models and AI. The risks around disinformation have been there for a long time, but it's just going to make them faster and more potentially toxic. Morgan Stanley said that they could see maybe gains of 40% in terms of the productivity of their financial advisors.

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