Morgan StanleyMorgan Stanley is funneling work to AI, part of the agentic AI adoption trend.
Hedge-fund manager Brian Kelly has built his new firm, Bracket22, to be powered entirely by agentic artificial intelligence, cutting his labor-related costs from roughly $5 million a year to between $30,000 and $40,000 annually. Kelly, who previously ran a cryptocurrency hedge fund and closed it in early 2025, now uses AI agents with distinct roles, such as "Steffi" for technical analysis, "Desmond" for quantitative strategies, and "Houston" as mission control. He says he is at least 10 times more productive with his agents, though he still applies human judgment for final decisions. Kelly's approach reflects a broader trend on Wall Street, with JPMorgan Chase planning to launch AI agents later this year and Morgan Stanley also funneling work to AI, while some at Goldman Sachs have warned about risks to reasoning skills.
Morgan StanleyMorgan Stanley is funneling work to AI, part of the agentic AI adoption trend.
Goldman Sachs Group Inc
Goldman Sachs BDC Inc
JPMorgan Chase & CoJPMorgan Chase is planning to launch AI agents later this year, adopting the agentic AI trend.
Bracket22 is built entirely on AI agents, cutting labor costs from ~$5M to ~$30-40K annually.