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What is machine learning?
McKinsey & CompanyFor most of our history, we’ve thought learning — the ability to adjust our behaviour based on collected information — was something only humans did. But if you’ve ever unlocked a phone with facial recognition, or interacted with a virtual assistant, you’ve experienced firsthand that machines, too, are capable of...
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What is AI (artificial intelligence)?
https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-aiHumans and machines: a match made in productivity heaven. From the wheel that revolutionised agriculture to the screw that held together increasingly complex construction projects to the robot-enabled assembly lines of today, machines have made life as we know it possible.
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What is generative AI?
McKinsey & CompanyGenerative artificial intelligence (AI) describes algorithms (such as ChatGPT) used to create new content, including audio, code, images, text, simulations, and videos. Recent breakthroughs in the field have the potential to drastically change the way we approach content creation.
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What is artificial general intelligence (AGI)?
McKinsey & CompanyAlthough gen AI tools such as ChatGPT may seem like a great leap forward, in reality they are just a step in the direction of an even greater breakthrough: artificial general intelligence, or AGI.
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Implementing generative AI with speed and safety
McKinsey & CompanyGenerative AI presents a once-in-a-generation opportunity for companies, with the potential for transformative impact across innovation, growth, and productivity. The technology can now produce credible software code, text, speech, high-fidelity images, and interactive videos.
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Existing frameworks are key to AI regulation
Henry EA, Law Society JournalThe NSW government should look both abroad and at home for guidance on how to regulate burgeoning AI technology rather than “reinvent the wheel”, the Law Society’s President has urged.
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regulation
The EU’s AI Act and how companies can achieve compliance
Reid Blackman and Ingrid Vasiliu-Feltes, Harvard Business ReviewThe EU’s forthcoming AI Act imposes requirements on companies designing and/or using AI in the European Union and backs it up with stiff penalties. Companies need to analyse where they might fail to comply and then operationalise or implement the requisite steps to close the gaps to reflect internal alignment. For...
regulation
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New generative AI tool could amplify disinformation risks
OpenAI's new generative AI system produces realistic and imaginative videos from text prompts, but the sample outputs published so far raises some concerns.
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What is tokenisation?
McKinsey & CompanyTokenisation is the process of creating a digital representation of a real thing. Tokenisation can also be used to protect sensitive data or to efficiently process large amounts of data.
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Measuring trends in AI
Stanford UniversityThe 2024 index arrives at a moment where AI’s influence on society has never been more pronounced. This year, the scope has broadened extensively to cover essential trends such as technical advancements in AI, public perceptions of the technology, and the geopolitical dynamics surrounding its development.
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