Generative A.I. Can Add $4.4 Trillion in Value to Global Economy, Study Says

McKinsey's report is one of the few so far to quantify the long-term impact of generative A.I. on the economy. The report arrives as Silicon Valley has been gripped by a fervor over generative A.I. tools like ChatGPT and Google's Bard, with tech companies and venture capitalists investing billions of dollars in the technology. The tools -- some of which can also generate images and video, and carry on a conversation -- have started a debate over how they will affect jobs and the world economy. Some experts have predicted that the A.I. will displace people from their work, while others have said the tools can augment individual productivity. Last week, Goldman Sachs released a report warning that A.I. could lead to worker disruption and that some companies would benefit more from the technology than others.