McKinsey's overview on generative AI (gen AI) suggests significant economic impact and rapid technological advancements since ChatGPT's release in Nov 2022. Research predicts gen AI could contribute up to $4.4 trillion annually to the global economy, with potential for human-level task performance advancements by 2040. Key insights include the transformation in job automation, especially in knowledge work, and gen AI's diverse applications across industries, enhancing productivity and innovation.

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