CEO Shortlist: Gen AI—beyond the hype
It’s a lot. CEOs and other business leaders have to clock dozens of developments in all directions. As always, in this edition of the CEO Shortlist, we zero in on the topics that matter. Right now, it’s generative AI, M&A, the dynamics of capital raising, and a look ahead at private markets. We hope you enjoy the read.
What’s new
You’ve heard the hype. Now get the specifics. Of the $4.4 trillion that McKinsey estimates gen AI could add to the global economy annually, a potential $690 billion will be in technology, media, and telecommunications (TMT). Based on extensive research and client work, our latest study isolates 100 gen AI use cases in TMT across seven business domains. These use cases are where significant value will be built in coming years.
Delve into the data in “Beyond the hype: Capturing the potential of AI and gen AI in tech, media, and telecom,” a new report by Venkat Atluri , Peter Dahlstrom , Brendan Gaffey , Víctor García de la Torre , Noshir Kaka , Tomás Lajous , Alex Singla , Alexander Sukharevsky , Andrea Travasoni , and Benjamim Vieira .
What’s now
M&A’s wild ride. From the pandemic-fueled rout in 2020 to 2021’s record-breaking recovery, followed by a steep decline in 2023, the global M&A market has offered something of a masterclass in volatility. The next leg up might add to the legend. Our experts have detailed views on the top-line trends for 2024 and on sectors such as chemicals, life sciences, financial services, technology, media, consumer goods, and many more.
Ride the rollercoaster with “Top M&A trends in 2024: Blueprint for success in the next wave of deals,” by Jake Henry and Mieke Van Oostende .
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What’s next
Contracted. Fled. Diverged. Receded. Detoured. These words aren’t typically associated with private markets. In 2023, the industry took a breather after more than a decade of headlong growth. But despite the general trend of slower times to come, we see several reasons for optimism.
Preview the 2024 edition of McKinsey’s Global Private Markets Review: “Private markets: A slower era,” by Fredrik Dahlqvist , Alastair Green , Paul Alexander Diogo Maia , Connor Mangan , Alexandra Nee, David Quigley , Aditya Sanghvi , Rahel Schneider , John Spivey, and Brian Vickery .
What’s needed
Buy high, sell low? With equity markets at record highs on several continents, every publicly traded company—and a slew of wannabes—has to get its messages right for investors. Yet many companies offer fuzzy stories that may draw initial interest but fail to retain investors over the long term.
Sharpen your pencils with “The equity story you need for the long-term investors you want,” by Hannes Herrmann , Jamie Koenig , Anna Mattsson , and Marc Silberstein .
We hope you find these ideas inspiring and helpful. See you next time with four more McKinsey ideas for the CEO and others in the C-suite.
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