When it comes to AI’s impact on the global economy, the projections are staggering. Generative AI could inject up to the equivalent of $4.4 trillion annually into the world economy, according to McKinsey. PwC puts AI’s potential contributions to the globe’s coffers at $15.7 trillion by 2030 — more than China’s and India’s current output combined. Driving those dollar signs are AI’s undeniable productivity-boosting powers, which business leaders are eager to harness. With generative AI applications such as ChatGPT, Midjourney, and GitHub Copilot, companies can increase productivity, spark innovation, and improve efficiencies. "It's this very exciting time right now, with all this potential of what we can do with AI: how we can make our organisations more successful, how we can take advantage of it to serve our mission. But the flip side of that is it has risks," Okta CEO Todd McKinnon said during Axios’ The Future.
