AI

The Rapid Rise of Generative AI: Revolutionizing Business and Work

The Rapid Rise of Generative AI: Revolutionizing Business and Work

Powered by neural networks processing massive data, versatile new generative AI tools like ChatGPT can generate content and take on more knowledge work, promising major gains but also workforce disruption. McKinsey analysis shows generative AI may add $2.6-$4.4 trillion annually in global economic value, but by expanding automation it could accelerate workplace changes, requiring corporate and policy response.