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Morgan Stanley Unleashes AI @ Morgan Stanley Assistant to Transform Client Interactions

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistan

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistant. Based on OpenAIs GPT4 technology, this invention promises to improve customer interactions, increase advisor productivity, and speed up access to the banks enormous archive of research papers and documents. Automating replies to market inquiries and internal procedures gives advisors more time to interact with customers effectively. Instead of using standard keywordbased searches, users must now formulate their requests in entire phrases. More generative AI products, such as "Debrief" for summarising client sessions, are something Morgan Stanley hopes to explore. The decision underscores a rising tendency in the banking sector to use AI technology to improve customer services and operational effectiveness. Read More..

B2B Tech News | 2 years ago        

Fourth Paradigm Breaks Barriers with DualHong Kong IPO

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI software, intends to sell 18.4 million shares for between HK$55.60 and HK$61.16 to raise $144 million. Cornerstone investors have already purchased $96.8 million worth of stock, or 70.6% of the IPO, under the leadership of New China Capital Management. On the U.S. "Entity List," Fourth Paradigm offers AI solutions for various industries. Mobile gaming operator ZX Inc. and Chinese cloud hospital platform Neusoft Xikang also have IPO price ranges of $81 to $101 million and $27 to $34 million, respectively. Read More..

B2B Tech News | 2 years ago        

Bank of Montreal Shifts Focus as Auto Finance Business Gets the Boot

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada and the US. This choice comes after BMO increased its lousy debt provisions from C$136 million to C$492 million, reflecting the rising financial strain that clients are experiencing as a result of rising borrowing costs. BMO works with automobile dealerships in this auto finance area to assist with buyer financing. The bank wants to focus its resources on markets with a competitive advantage while helping affected workers through the transition. Most of the consumer loans in BMOs portfolio are vehicle and home equity loans, with rising delinquency rates reflecting consumers financial struggles in the face of rising interest rates. Read More..

B2B Tech News | 2 years ago        

Yen Dips Amid Speculation of Bank Of Japan Policy Shift

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account for this steadiness. With talk of a departure from ultraloose monetary policy, the Bank of Japan meeting is in the spotlight. In contrast, analysts anticipate that the U.S. Federal Reserve will maintain its current course while the Bank of England may raise interest rates. Although the yen has recently declined, the week before the BOJ meeting may be unpredictable due to the possibility that Governor Uedas remarks need to be understood. Investors look forward to information on BOJ rate policy and the trajectory of rate increases. Read More..

B2B Tech News | 2 years ago        

Evergrande Stock Plunges 25% Amidst Police Detentions

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate dev

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate developer at the heart of Chinas real estate crisis, fell by 25%. This development raises the possibility of a fresh inquiry, worsening Evergrandes financial problems. Since late 2021, Evergrande has struggled with a string of defaults, raising fears of market contagion. Although specifics, such as the number of prisoners and the charges, are unknown, the police action is related to illegal forced measures imposed against people at Evergrande Financial Wealth Management Co. The business recently disclosed a firsthalf net loss of 33 billion yuan $4.5 billion and has delayed making an offshore choice. Read More..

B2B Tech News | 2 years ago        

Petroleum and Diesel prices to skyrocket in Pakistan due to spike in global petroleum products

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas R

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas Regulatory Authority Ogra is anticipated to publish new rates for petrol, diesel and other petroleum products based on average worldwide crude oil prices and currency rate variations. According to estimates from the industry, the cost of petroleum may rise by Rs 16 per liter in the following fortnights review of petroleum prices, while the price of highspeed diesel HSD is anticipated to rise by R 13.66 per liter. Kerosene along with light diesel oil LDO rates are predicted to rise by Rs 10.02 and Rs4.45 per liter, respectively. The increase in the exdepot price is mostly due to the devaluation of the rupee as well as an increase in the worldwide cost of petroleum products. Read More..

B2B Tech News | 2 years ago        

B2B supply chain receives $500k funding from investors in USA and India

India Index is a cloudbased B2B supplier platform that assists American consumers and Indian manufacturers in finding, filtering, and vetting partners

India Index is a cloudbased B2B supplier platform that assists American consumers and Indian manufacturers in finding, filtering, and vetting partners in the supply chain in a simple and affordable manner. The India Index is dedicated to boosting the visibility, connection, and economic engagement between American buyers and Indian suppliers. With the new financing, India Index intends to foster confidence and transparency among its Indian producers while also connecting them to its worldwide clients. India Index LLC, a B2B manufacturing platform, has secured $500K in preseries seed funding led by a group of private investors from the United States and India, including JSW Group, Motherson Group, and Westminster Capital. Read More..

B2B Tech News | 2 years ago        

‘Developed nations should take financial responsibility of energy transition’ Silveira

Brazil is encouraging wealthy nations to contribute to the global transition to sustainable energy, stating that these countries must make larger pled

Brazil is encouraging wealthy nations to contribute to the global transition to sustainable energy, stating that these countries must make larger pledges to compensate for their reliance on polluting energy sources. ‘Since they get their power from far fewer clean sources than nations in the Global South, developed nations should confront bigger challenges.’, said Alexandre Silveira. The government of Brazil has been a prominent advocate for rich countries to follow through on its climate funding promises, which fall short of the billions of dollars required to prevent global temperatures from increasing. Developing nations of the Southern Hemisphere will provide clean energy to the industrialised world, utilising these countries positions in global commerce. Read More..

B2B Tech News | 2 years ago        



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