The Latest Breaking News from McKinsey

The Illusion of the 'Omnipotent' Mind: An expert explained why AI breakthroughs are happening beyond fundamental models

Alphabet, Amazon, Meta, Microsoft, and Oracle could spend $1.1 trillion on AI by 2027, yet most companies struggle to generate returns. McKinsey found 65% are adopting generative AI, but few report tangible impact, underscoring the gap between AI's "omnipotent mind" image and its limits in specialized tasks.

International Business Times · Sep 2

The companies getting the most from AI are rethinking how work gets done

AI adoption is nearly universal, but McKinsey finds only 37% of companies have seen it move the bottom line.

Fortune · Sep 2

Global Market: Data centre boom fuels demand for power, cooling equipment suppliers

The global AI data centre boom is creating fresh opportunities for power and cooling equipment suppliers as developers race to overcome infrastructure bottlenecks. Rising demand for transformers, efficient power systems and liquid cooling is benefiting companies across Asia, although high valuations, supply constraints, competition and deployment delays remain key risks…

The Economic Times · Sep 2

Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton

Eurasia Group counselor Dominic Barton says corporate leaders can no longer treat geopolitics as a boardroom sideshow amid tariffs and new restrictions.

Fortune · Aug 19

Goldman Sachs Says Space Economy Will Reach $1.8T by 2035: Elon Musk Predicts It'll Be 'Much Bigger'

Goldman Sachs' $1.8 trillion forecast could boost the UK space industry, while Musk predicts even more growth. Discover key drivers and investment opportunities.

International Business Times UK · Aug 19

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 · Aug 13

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 · Aug 11

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.

Fortune · Aug 10

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 · Aug 9

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.

Barchart · Aug 9