Generative AI Adds USD 4.4 Trillion/Year to Economy

Posted by Peter Rudin on 7. July 2023 in News

Last week, McKinsey reported  the result of a study about Generative AI involving 850 different job roles and 2’100 tasks with the potential to create up to USD 4.4 trillion worth of annual value to the economy.

How will that happen? Mostly by accelerating work that’s currently done by humans, automating work activities that currently take up 60 to 70 percent of employees’ time.

The report acknowledges that some significant investment and reskilling will be needed in supporting worker transitions and managing the other risks that such a momentous shift will bring.

The study concludes that humans are still an essential piece of the equation to complete most tasks.


Leave a Reply

Your email address will not be published. Required fields are marked *