A new Morgan Stanley survey of over 500 North American interns reveals that Gen Z is increasingly adopting AI tools and prediction market apps like Kalshi and Polymarket.

Key Points

• Over 25% of surveyed interns reported using prediction market apps, with Kalshi and Polymarket identified as the most popular platforms.
• Daily AI tool usage among interns surged to 68%, a significant increase from 35% reported in the previous year.
• Approximately 70% of interns now pay for personal AI subscriptions to assist with research, writing, and summarizing tasks.
• Roughly 61% of interns expressed concern that AI technology could eventually replace entry-level finance positions.
• Physical AI startups, focusing on humanoid robotics, secured $16.3 billion in funding during the first quarter of 2024.

Why it Matters

The rapid integration of AI and prediction markets among young professionals signals a fundamental shift in how the next generation of Wall Street talent approaches productivity and financial speculation. As these tools become standard, firms must navigate the tension between leveraging new efficiencies and managing the regulatory and job-displacement risks identified by their own incoming workforce.