Morgan Stanley's AI head said there are more than 30 AI use cases that have been given the green light.

Morgan Stanley is looking to add employees of startup companies as wealth management clients as U.S. investment banks prepare for a revival of initial public offerings.

The investment bank signed an agreement with Carta, a shareholder management company for startups, which estimates about 2,000 of its clients are at companies likely to go public.

A new partnership with private-company stock tracker Carta will deliver newly wealthy clients to its advisory business, says wealth management head Jed Finn.