Morgan Stanley's ALPHALAB: Multi-Agent Research Across Optimization Domains — Brendan Rappazzo

Morgan Stanley's AlphaLab is an open-sourced multi-agent system designed to automate quantitative research. Initially, AlphaLab 1.0 automated code generation, backtesting, and experimentation. Facing challenges, AlphaLab 2.0 evolves to prioritize building robust, verifiable environments, which serve as reinforcement learning signals, enabling the system to meta-optimize itself. This shift redefines the human role from performing research to designing these critical environments.