Notes from the AI Frontier: Modeling the Impact of AI on the World Economy.
By Bughin, J., Seong, J., Manyika, J., Chui, M., & Joshi, R.
Bughin, J., Seong, J., Manyika, J., Chui, M., & Joshi, R. (2018, September 4). Notes from the AI Frontier: Modeling the Impact of AI on the World Economy. McKinsey Global Institute. https://www.mckinsey.com/featured-insights/artificial-intelligence/notes-from-the-ai-frontier-modeling-the-impact-of-ai-on-the-world-economy
This report from the McKinsey Global Institute examines the long-term economic implications of artificial intelligence, projecting that the technology could generate $13 trillion in additional global activity by 2030. The analysis uses a simulation model to explore how different adoption rates among businesses and nations will create an accelerating "S-curve" of growth rather than immediate financial returns. A central theme of the text is the risk of a widened digital divide, as "front-runner" companies and developed nations are positioned to capture significantly more value than those that lag behind. Ultimately, the researchers argue that while AI will likely cause significant labor market shifts and demand new digital skills, proactive leadership and strategic investment can help manage these disruptions to capture the full dividend of automation.