A New Report on Artificial Intelligence

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According to Fortune, McKinsey Global Institute’s new report looks at 63 potential use cases for artificial intelligence (AI) and predicts that generative AI might add between $2.6 to $4.4 Trillion (with a T) to the global economy.

Questions (from the report):

  1. When was ChatGPT released?
  2. What does the report mean when it says we got to generative AI gradually and then all of a sudden?
  3. Across the banking industry, AI technology could deliver value equal to how much annually if the use cases are fully implemented?
  4. What was the most interesting thing that you read about generative AI in the report?   

Source:

Murray, A. and N. Gordon. (2023) Generative A.I. could add $4.4 trillion to the global economy—with 4 use cases accounting for 75% of the value. Fortune, June 14 (Retrievable online at https://fortune.com/2023/06/14/generative-ai-world-economy-use-cases-mckinsey-report/) PAYWALL
 Staff. (2023). The Economic Potential of Generative AI: The Next Productivity Frontier. McKinsey Global Institute, June 14 (Retrievable online at https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/The-economic-potential-of-generative-AI-The-next-productivity-frontier).