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This news item is part of the weekly top 5 news bulletin (from Week 3, Jun 2023) specially packaged for leaders of Nonprofits, Churches, and Faith-based Social Ventures. 

McKinsey Reports AI Could Add $4.4 Trillion to Global Economy Annually 

McKinsey released a recent report that says Generative AI could add up to $4.4 trillion to the global economy on an annual basis. Now, I like the way they’ve gone about producing this analysis and report because they have looked at other types of AI as well. As you know, Generative AI is the one that’s very popular now, thanks to ChatGPT, Bard and all these chatbots. But there are other types of AIs that have been around for a long time, AI that works in a car, AI that improves the productivity of working people in different ways in industries and machine learning, etc.. They’ve looked at all of this and the contribution of all these different types of AI to the global economy. And then they’ve taken just the role of Generative AI and the additional use cases and how that contributes to the overall economy. Definitely an interesting and in-depth analysis of the current AI trends. So highly recommend you check it out. The download link will be in our show notes.

Here is the full list of the Top 5 News Items from Week 3, Jun 2023 with source links from OpenAI, McKinsey, Meta, Twitter, Pinterest.

🗞️ News 1: McKinsey Reports AI Could Add $4.4 Trillion to Global Economy Annually   

Source: McKinsey

🗞️ News 2: Meta Releases New Tools for Creators Including Reels Editor & ProMode   

Source: Meta

🗞️ News 3: Twitter’s New CEO Tweets About Her Vision For The Platform & The Future  

Source: Twitter

🗞️ News 4: Pinterest Launches Travel Catalogs & Expands Premiere Spotlight Ads      

Source: Pinterest

🗞️ News 5: [AI News] OpenAI Lowers Cost; AI in Google Ads; Proposed US Law on AI 

Source: OpenAI, Google, US Senate

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