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McKinsey

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McKinsey report: AI Could add $4.4Trillion annually to the global economy
June 21st, 2023 - 10:04 GMT

Can AI add $4.4t annually to global economy?

ALBAWABA - A report by management consulting firm McKinsey reveals that Generative AI could add between $2.6 and $4.4 trillion annually to the global economy through 63 use cases covering 16 different functions. This is roughly equivalent to the Gross Domestic Product (GDP) of the United Kingdom in 2021. Generative AI refers to AI tools such as ChatGPT, which was unveiled by OpenAI in November. According to McKinsey, Generative AI ...
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