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The Latest Breaking News from McKinsey

The Office Apprenticeship That Built Generations of Experts Is Disappearing as AI Absorbs Entry Level Work

AI systems are absorbing tasks that once trained junior employees, prompting calls for new training models to ensure future senior staff development.

International Business Times UK

Concierges, adjunct professors, potato chip tasters: US employers are relying more and more on ‘disposable’ workers

Concierges, adjunct professors, potato chip tasters: US employers are relying more and more on ‘disposable’ workers

When I leave my Boston condo every day, I say good morning to the concierge, who works for a contracting company providing staff to residential buildings. When I conduct an interview in a nearby building, the people who clean that office at night are contractors. The person who serves me…

The Conversation

The six-figure CEO-adjacent job that can accelerate your path to the C-suite

The six-figure CEO-adjacent job that can accelerate your path to the C-suite

About 75% of chiefs of staff are promoted after leaving the role.

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AI transformation likely to accelerate as companies shift from adoption to enterprise-wide value creation: Report

Companies are likely to move beyond simply deploying AI tools and increasingly focus on redesigning workflows, operating models and roles to unlock enterprise-level value, according to a research report by McKinsey.

The Economic Times

The Potential of Space-Based Data Centers Is Huge. It's Not Enough to Make SpaceX Stock Appealing.

Despite facing tough competition and difficult logistical problems, SPCX is very expensive.

Poor data has become enterprise AI's weakest link

Scaling AI successfully depends less on better models and more on stronger data foundations.

The era of the machine: Silicon Valley shows off humanoid robots

For decades, humanoid robots belonged to the realm of science fiction. But today, they're one of Silicon Valley's hottest markets. According to consulting firm McKinsey, automation could transform up to 30 percent of all hours worked across the US economy by 2030. Dozens of companies are already developing robots that…

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AI set to reshape insurance economics, push industry towards scale, specialisation: Report

AI set to reshape insurance economics, push industry towards scale, specialisation: Report

Artificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers that move early potentially gaining a significant competitive edge as AI changes underwriting, distribution, productivity and the pace of innovation, according to a McKinsey report.

The Economic Times

AI helps insurers cut onboarding costs, speed up claims processing: McKinsey

AI helps insurers cut onboarding costs, speed up claims processing: McKinsey

Artificial intelligence is transforming the insurance industry by enhancing sales efficiency and minimizing customer onboarding expenses. The accuracy in claims processing has greatly improved, offering significant advantages to insurers. Top firms prioritize AI in their essential operations to deliver measurable results. Additionally, fostering internal digital skills and establishing a strong…

The Economic Times

How to Invest in Private Equity as an Accredited Investor: A Guide

How accredited investors can invest in private equity: direct deal-by-deal investing, fund platforms, evergreen funds, and secondaries compared across four vehicles, plus a framework for building an allocation.

Stanford Graduate Quit McKinsey to Chase Her Baking Dream, Now Her Microbakery Sells 400 Pastries a Week

Stanford Graduate Quit McKinsey to Chase Her Baking Dream, Now Her Microbakery Sells 400 Pastries a Week

Discover Hali Home Bakes, a French-Asian microbakery in San Francisco, where ex-McKinsey consultant Hali Mo crafts 400 artisanal pastries weekly, blending French techniques with Asian flavours.

International Business Times UK

McKinsey: Global households got $40 trillion richer in 2025 as the paper wealth economy swelled to $1.8 quadrillion

McKinsey: Global households got $40 trillion richer in 2025 as the paper wealth economy swelled to $1.8 quadrillion

That's right, quadrillion with a "Q."

Affordability concerns reshape global car buying as EV interest grows: McKinsey

Affordability concerns reshape global car buying as EV interest grows: McKinsey

Affordability concerns and evolving preferences are reshaping global automotive markets. Consumers are delaying purchases and considering smaller vehicles due to financial pressures. Electric vehicle adoption is growing, especially in China, with mainstream buyers emerging. Advanced technologies and digital experiences are becoming key purchase differentiators for consumers. Automakers must combine affordability…

The Economic Times

Governments must move beyond AI pilots to redesign public services: McKinsey

Governments must move beyond AI pilots to redesign public services: McKinsey

Governments must move beyond isolated AI pilot projects. Redesigning processes is crucial for fully realising AI's potential. A four-step approach focusing on mission outcomes is recommended. Public sector AI adoption lags other industries due to data and system challenges. Investing in adoption and training is vital for scaling AI effectively.

The Economic Times

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The Economic Times

AI could unlock $228 billion in annual value for US AEC sector by 2030: McKinsey

Artificial intelligence (AI) and other automation technologies could unlock around $228 billion in annual value for the US architecture, engineering and construction (AEC) sector by 2030, while AI's impact on the European construction sector alone could reach approximately $126 billion, according to a McKinsey report.

OpenAI's CFO: 4 questions that reveal if your AI spend is paying off

Forget cost per token. Sarah Friar argues CFOs should judge AI by the work it actually completes.

The Economic Times

AI agent economics to shape next phase of enterprise GenAI adoption; 60% of agentic AI costs go to response refinement: McKinsey

As generative artificial intelligence (Gen AI) moves beyond experimentation into enterprise-scale deployment, business leaders are increasingly grappling with the economics of AI agents rather than the technology itself, according to a new McKinsey report.

The Economic Times

AI delivers bigger financial gains only when companies redesign workflows: McKinsey

Companies gain little by adding AI to existing processes. True benefits emerge after redesigning work around AI. Most organisations use AI within current operating models, yielding only incremental gains. Reinventing execution, not augmenting it, offers the real breakthrough opportunity. Organisations redesigning work around hybrid human-AI teams achieve substantially better outcomes.

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Why corporate strategy is moving to the CFO's office

At a recent McKinsey forum, most CFOs said the strategy function now reports to them.

The Economic Times

Employees adopting AI faster than organisations, says McKinsey survey

While artificial intelligence (AI) has emerged as the top technology spending priority for many organisations, most are still at an early stage of AI deployment, with employees adapting to the technology faster than the organisations they work for, according to a McKinsey survey. The survey said leaders are introducing AI…

International Business Times

The AI Gold Rush Has an Adopt, Defend, Govern Problem

For the past two years, the corporate race has been defined by adoption. Boards wanted AI strategies. CEOs wanted productivity gains. Business units wanted pilots.

Budget and the Bees

More Women Are Leaving ‘Dream Jobs’ for Lower-Paying Work—and They Say It’s Worth It

For years, the traditional definition of career success centered on landing a prestigious, high-paying job. Today, many women are rethinking that formula by leaving demanding, high-status roles in favor of jobs that offer greater flexibility, healthier work environments, and, in many cases, lower pay. For many, the tradeoff is intentional—and…

International Business Times

Meta's $145 Billion AI Bet Faces Execution Delays Inside Its Agent Systems. Now The Bigger Question Is Whether Any Company Can Make Agents Work At Scale.

Meta AI agents behind schedule after 8,000 layoffs and up to $145B in 2026 spending: Zuckerberg told employees Thursday that four months of restructuring have not accelerated agentic development as expected. Meta shares dropped 5%. The same week, AWS and Microsoft committed $3.5B to close the industry-wide production deployment gap.

The Economic Times

The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips

DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid geopolitical risks and persistent…

McKinsey's Kelsey Robinson on why AI is creating more anxiety than impact in marketing

At Cannes Lions, management consultant Kelsey Robinson breaks down McKinsey's new research showing a paradox in AI adoption: marketers are widely using AI and excited by it, but many also fear its impact on their roles.

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