"McKinsey Study: Gen AI to Boost Global Economy by $4.4T, but Knowledge Workers May Suffer"
TL;DR Summary
McKinsey and Company has released a report stating that generative AI could add $2.6 trillion to $4.4 trillion annually to the global economy, with the potential to automate work activities that absorb 60 to 70% of employees’ time today. McKinsey believes that generative AI and other technologies will play a major role in reshaping the global economy, with four types of tasks - customer operations, marketing and sales, software engineering, and R&D - likely to account for 75% of the value add of generative AI in particular. However, workers will need support in learning new skills, and some will change occupations.
- McKinsey: gen AI could add $4.4T annually to global economy VentureBeat
- Biggest Losers of AI Boom Are Knowledge Workers, McKinsey Says Bloomberg
- Generative A.I. Can Add $4.4 Trillion in Value to Global Economy, Study Says The New York Times
- McKinsey checks in on for whom the bell tolls Financial Times
- AI productivity boost will hit banks, retail first, study finds Axios
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