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How Competition Is Driving AI’s Rapid Adoption

Harvard Business

New research from the McKinsey Global Institute simulates the potential global macroeconomic impact of five powerful technologies (computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning). GDP growth a year across the period. Our simulation suggests that it may reach 70% by 2035.

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Seven Years Later, Global Debt Keeps Piling Up, $57 Trillion More Than 2007

MishTalk

That poses new risks to financial stability and may undermine global economic growth. For six of the most highly indebted countries, starting the process of deleveraging would require implausibly large increases in real-GDP growth or extremely deep fiscal adjustments. Since 2007, government debt has grown by $25 trillion.

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global , found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. and historic lows in new capital investment.

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How to Make Every Dollar of Infrastructure Investment Go Further

Harvard Business

It’s also not controversial to argue that any infrastructure investment must get more out of each dollar invested, raising the productivity of the construction sector. In the United States, the construction sector’s labor productivity is lower today than it was in 1968. In contrast, many U.S.