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Mo, an AI Chatbot Powered by Morningstar Intelligence Engine, Debuts in Morningstar Platforms
The beta version pairs Microsoft Azure's OpenAI Service with Morningstar's extensive breadth of independent investment research to provide summarized,
About this update from Morningstar, Inc.
[{"type":"text","content":"The beta version pairs Microsoft Azure's OpenAI Service with Morningstar's extensive breadth of independent investment research to provide summarized, conversational insights\nCHICAGO, May 11, 2023 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today launched a beta version of its generative artificial intelligence chatbot named \"Mo\" across Morningstar Investor, Research Portal, Direct, and Advisor Workstation platforms. Powered by the Morningstar Intelligence Engine, a platform that pairs Morningstar's extensive investment research library with Microsoft's Azure OpenAI Service, Mo is designed to surface and summarize Morningstar's independent insights in a conversational format for investors and investment professionals.\nInvestors face an overwhelming amount of information amid a growing sea of more than 750,000 investment options. With the power of large language models and other AI tools, navigating large volumes of information can be made dramatically easier. Instead of working with keyword searches and pages of results, Morningstar customers can now ask questions directly to Mo and receive back a concise response within a matter of seconds. Mo does not provide investment advice.\n\"AI has huge potential to support a better investor experience at scale, and this is just the beginning,\" said James Rhodes, Morningstar's chief technology officer and president of Data, Research, and Enterprise Solutions. \"Mo is a digital research assistant that uses the power of the Morningstar Intelligence Engine to put Morningstar's research just a question away. We look forward to learning how people interact with the beta so we can improve and expand its capabilities to make the day-to-day investing experience better.\"\nMo is the first of several applications planned to be built on the Morningstar Intelligence Engine platform, which draws from Morningstar's breadth of equity and managed investment research, editorial, and ratings. This extensive content library enables Mo to construct relevant responses by concisely summarizing information on a multitude of investment-related topics.\nWhen a user types a question into Mo, it is routed to the Morningstar Intelligence Engine. The Engine is built on a Morningstar database that stores embeddings from Morningstar content. When Mo rec...