News with the tag "mckinsey"

Donald Trump revealed he plans to establish power plants for artificial intelligence through an emergency declaration. The President also mentioned plans to increase electricity demand for technologies like artificial intelligence. He said inadequate energy supplies posed an imminent and growing thr...

A Bloomberg report from October 16 discussed Wall Street companies' growing interest in tokenization. The report also outlined the reasons behind the surge and the opportunities Wall Street finds in real-world (RWA) tokenization.

American multinational consulting firm McKinsey projects the market value of tokenized real-world assets to reach as high as $4 trillion in six years. The market capitalization of tokenized real-world assets (RWAs) could reach around $2 trillion by 2030 in a…

Tokenized financial assets have seen a slow start, and broad adoption is “far away,” but McKinsey analysts predicts some to take off faster than others.

McKinsey & Company predicted a $2 trillion market cap for tokenized real-world assets (RWAs) by 2030. The study predicted a conservative range between $1 trillion and $4 trillion.

The world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting the stage...

Generative AI is rapidly becoming a general-purpose technology for many walks of life. Its impact on the marketing teams can be said to be equivalent to that of the invention of the steam engine for transport or the impact of the advent of electricity on daily life tasks.

Banks are collectively posting their most substantial profits in a decade, according to a new assessment from the consulting giant McKinsey. McKinsey says the rise in interest rates has paved the way for banks to widen their net margins by earning more on loans and mortgages, with the industry’s glo...

A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools like Chatgpt cou...

Management consulting firm McKinsey & Co believes AI will have the “biggest impact” on high-wage workers.