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Artificial Intelligence Mckinsey Company

Artificial Intelligence: A Growing Force in Business and Society

Defining Artificial Intelligence

According to a recent McKinsey & Co. report, artificial intelligence (AI) is defined as "the ability of a machine to perform cognitive functions that we associate with human intelligence, such as learning, problem-solving, and decision-making."

AI's Impact on Business

AI is having a profound impact on businesses of all sizes. From automating tasks to improving customer service, AI is helping companies become more efficient and productive. In fact, a recent survey found that 84% of businesses believe that AI will have a positive impact on their bottom line.

AI's Impact on Society

AI is also having a significant impact on society as a whole. From self-driving cars to medical diagnosis, AI is making our lives easier and more convenient. In addition, AI is being used to address some of the world's most pressing challenges, such as climate change and poverty.

The Ethics of AI

As AI becomes more powerful, it is important to consider the ethical implications of its use. For example, how can we ensure that AI is used for good and not for evil? What are the potential risks of AI, and how can we mitigate them? These are just a few of the questions that we need to answer as we continue to develop and use AI.

Conclusion

AI is a powerful technology with the potential to transform our world for the better. However, it is important to be aware of both the benefits and risks of AI so that we can use it wisely. By working together, we can ensure that AI is used for good and that it benefits all of society.


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