Category: McKinsey

How businesses can ensure a prolonged AI summer

As gen AI evolves at a breakneck pace, the specter of an AI winter looms, but so too does the promise of transformative breakthroughs.

Generative AI is quickly infiltrating organizations, McKinsey reports

the single largest category of functions where gen AI was being used as of April 2023 was marketing and sales, at 14%, according to McKinsey.

Cohere is teaming up with McKinsey to bring AI to enterprise clients

Some businesses have already begun reaping the benefits of the collaboration, using AI for product development and speeding time-to-market.

McKinsey report finds generative AI could add up to $4.4 trillion a year to the global economy

The $2.6 trillion to $4.4 trillion figure marks a huge increase over McKinsey's previous estimates of the generative AI field's impact.

McKinsey says ‘about half’ of its employees are using generative AI

McKinsey and Company, the global consulting firm with more than 30,000 employees across 67 countries, is embracing new generative AI tools.