In this independent discussion paper, we examine investment in artificial intelligence (AI), describe how it is being deployed by companies that have started to use these technologies across sectors, and aim to explore its potential to become a major business disrupter. To do this, we looked at AI through several lenses. We analyzed the total investment landscape bringing together both investment of large corporations and funding from venture capital and private equity funds. We also reviewed the portfolio plays of major internet companies, the dynamics in AI ecosystems from Shenzhen to New York, and a wide range of case studies. As part of our primary research, we surveyed more than 3,000 senior executives on the use of AI technologies, their companies’ prospects for further deployment, and AI’s impact on markets, governments, and individuals. This report also leverages the resources of McKinsey Analytics, a global practice that helps clients achieve better performance through data. The research was conducted jointly with Digital McKinsey, a global practice that designs and implements digital transformations.
Source : McKinsey Global Institute