A new report published by McKinsey & Company, The economic potential of generative AI: The next productivity frontier, finds that generative AI could add between $2.6 trillion and $4.4 trillion worth of annual productivity globally. It analyzes 63 new use cases across 16 business functions that could deliver those returns, which are comparable to the UK 2021 GDP of $3.1 trillion.
McKinsey estimates that, excluding the effects of generative AI, artificial intelligence, and analytics use cases could deliver $11 trillion to $17.7 trillion in value to the global economy annually. Adding generative AI to these use cases could increase that […]
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