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A report from global consulting firm McKinsey estimated that ... two-thirds of jobs today will be exposed to some form of automation and one-quarter could be wholly substituted with generative AI.
Plus, a recent Goldman Sachs report found that continuous developments in generative AI could stand to bring almost $7 trillion into the global GDP—and bolster productivity growth by 1.5 ...
But Sukharevsky, who has been with QuantumBlack since 2020 and coauthored a 17-page article for McKinsey titled “What every CEO should know about generative AI,” told Fortune’s Murray on ...
Generative artificial intelligence (generative AI, GenAI, [1] or GAI) is a subset of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. [ 2 ] [ 3 ] [ 4 ] These models learn the underlying patterns and structures of their training data and use them to produce new data [ 5 ] [ 6 ] based on ...
First, a new McKinsey study identified 63 generative AI use cases spanning 16 business functions that could unleash $2.6 trillion to $4.4 trillion in economic benefits annually.
The AI boom, [1] [2] or AI spring, [3] [4] is an ongoing period of rapid progress in the field of artificial intelligence (AI) that started in the late 2010s before gaining international prominence in the early 2020s.
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