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Home / Business and Economy / Morgan Stanley's Early Bet on OpenAI

Morgan Stanley's Early Bet on OpenAI

22 Nov

•

Summary

  • Morgan Stanley met with Sam Altman before ChatGPT launched.
  • The bank became one of OpenAI's initial clients.
  • Morgan Stanley secured significant business from the startup.
Morgan Stanley's Early Bet on OpenAI

Morgan Stanley initiated contact with OpenAI leadership, including a meeting with Sam Altman, even before the groundbreaking ChatGPT was publicly known. This foresight allowed the financial institution to become one of the earliest clients of the burgeoning AI startup.

This early engagement proved strategic, as Morgan Stanley successfully cultivated a significant business relationship with OpenAI over the subsequent years. The bank managed to secure a considerable share of services from one of the tech world's most rapidly expanding enterprises.

This proactive approach by Morgan Stanley highlights their early commitment to innovative technology. Their foundational partnership with OpenAI positioned them to benefit from the startup's subsequent growth and success in the artificial intelligence landscape.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Morgan Stanley met with Sam Altman and OpenAI executives before ChatGPT was released to the public.
Morgan Stanley became one of OpenAI's first clients and secured a large amount of business from the startup.
The meeting occurred before ChatGPT's launch, signaling Morgan Stanley's early recognition of OpenAI's potential.

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