Morgan Stanley Survey: 68% of Wall Street Interns Use AI Tools Daily

Huoxing Finance reports that on August 23, Morgan Stanley’s equity research team conducted an annual survey of over 500 North American summer interns, most of whom were aged 21 or younger. More than a quarter of the interns reported having used prediction market apps in the past year, with Kalshi and Polymarket being the most common choices; 55% of these users utilized multiple betting platforms simultaneously. Prediction markets are facing increased scrutiny in the U.S., with several states taking legal or regulatory actions against related platforms. Morgan Stanley’s employee code of conduct covers trading and investment matters, including prediction markets, though insiders did not disclose further details. Another national survey found that 21% of adult Americans have used prediction market platforms, rising to 37% among those aged 18 to 34. Regarding AI, 68% of interns use AI tools daily, up from 35% last year and 14% in 2024; approximately 70% pay out of pocket for premium AI tools, compared to 52% last summer. Meanwhile, 61% of respondents expressed concern that AI could replace financial jobs, and 74% feared job displacement in other industries. Over 60% expressed interest in using humanoid robots at home, with 10% indicating they might become early adopters.