2023 is generative AI’s breakout year

Plus, how boards can help address geopolitical risk  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
McKinsey Classics
McKinsey Classics

According to a recent McKinsey survey, one-third of respondents said their organizations are using generative AI regularly in at least one business function, and 40 percent of respondents noted their organizations will increase their investment in AI overall. 2023 is certainly proving to be a breakout year for generative AI. Despite its nascent public availability, gen AI is already being adopted across industries, geographies, and seniority levels in the business world. In this month’s featured story, McKinsey’s Michael Chui, Lareina Yee, Bryce Hall, Alex Singla, and Alexander Sukharevsky provide commentary on gen AI’s explosive growth, its potential to transform industries, and key findings from the McKinsey survey. Other highlights in this month’s issue include the following topics:

the board’s role in addressing geopolitical risk

how new CEOs can make the most of their first year in the role

how outperformers deliver consistent and profitable growth

what the future holds for strategy leaders amid ongoing volatility and shifting mandates

— Edited by Joyce Yoo, editor, New York

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by "McKinsey Highlights" <publishing@email.mckinsey.com> - 11:07 - 2 Sep 2023