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THE TRUTH ABOUT: 2 | History Defined

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

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

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.

The Economic Times

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

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.

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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.

The Economic Times

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.

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…

The Economic Times

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

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.

International Business Times

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

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…

Budget and the Bees

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'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.

International Business Times

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

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…

The Economic Times

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

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.

How autonomous systems are reshaping warehouse operations

How autonomous systems are reshaping warehouse operations

How the increasing autonomy of robots is transforming warehouse operations.

Jet fuel crack spread may exceed $50 in 2026; airfares may climb up to 25%: Report

Jet fuel crack spread may exceed $50 in 2026; airfares may climb up to 25%: Report

Geopolitical tensions and refinery issues are significantly impacting jet fuel supplies, leading to increased airline operational costs. This situation, coupled with depleted inventories and rising crude oil prices, is expected to push airfares higher. Experts predict a substantial rise in jet fuel crack spreads, potentially doubling fuel costs and consequently…

The Economic Times

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The Economic Times

Generative AI expanding role in shopping, to enable AI-led purchases: Report

Generative AI is set to revolutionise consumer shopping, moving beyond discovery to completing transactions. Young shoppers, particularly Gen Z, are leading this shift, leveraging AI for product research and even purchases. As AI tools evolve and companies like Amazon and Walmart adapt, expect a new era of "agentic commerce" with…

Why transparent AI matters for enterprise trust

Black box AI risks slowing adoption as enterprises demand transparency, governance and accountability.

‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back

When fear of failure strikes, Aravind Srinivas, the CEO of AI giant Perplexity, reminds himself that just having a job was once the bar for success.

International Business Times

Intergenerational Wealth Transfer within Modern International Financial Ecosystems

On a global basis, the Capgemini Research Institute and UBS have each estimated that more than 80 trillion dollars will transfer to younger generations within a twenty-to-twenty-five-year horizon.

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The Economic Times

AI in Hungary could unlock productivity gains of €15 billion: McKinsey

McKinsey projects AI could boost Hungary's productivity by €15 billion by 2030, helping close the gap with European neighbours. However, lagging adoption risks further divergence. Executives highlight potential cost transformations, faster service delivery, and the imperative of global competitiveness to avoid being outpaced by foreign AI adopters.

I founded McKinsey's CEO practice: Here's why operational excellence is a liability right now

Carolyn Dewar has advised hundreds of CEOs. She says the execution discipline that rewarded leaders for a decade is now holding them back.

Spotify’s secret to winning the hiring war? Keep your talent moving and growing

External hiring is no longer a reliable way to build capability. Spotify’s answer: create an internal talent marketplace that keeps top performers moving—and staying.

‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.

Why your grocery bill is still eye-watering — even though inflation is 'under control'?

Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural.

AI-Driven Application Modernization: ArcSonic Tech Limited's Guide

ArcSonic Tech Limited shares how engineering teams can develop senior leaders from junior hires — four stages and the signals that matter at each.

International Business Times

Nick Manella: The Doom Is Mostly Vibes

What the actual data says about AI and jobs, and why the panic is mostly a story we're telling ourselves.

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