50% of Mckinsey is using AI

Hey there,

Last year the tech industry was ‘deflating’ — layoffs, crypto winter, decline in tech stocks and recession fears.

But since the launch of ChatGPT, there is a new optimism, VCs are pouring money in AI startups, AI stocks are nearing all time highs!

Is this the beginning of an AI-bubble? Read the WP’s industry’s outlook. (link)

Moving on to today’s update:

📰 News: 50% of Mckinsey’s workforce is using AI

🛠️ Tools: Data to Story in 5 minutes, ChatGPT for all your Mac apps

🧠 Learn: Introduction to Prompt Engineering by Microsoft.

🎲 Misc: Why AI will save the world by A16Z’s Marc Andreessen.

Reading time is 4 minutes. Let’s dive in 🤿

50% of McKinsey’s 30,000 employees are using Generative AI

What: Nearly 50% of Mckinsey’s 30,000 employees are using AI in their day jobs, and the consulting firm is helping their clients do the same.

Here’s how McKinsey is using Gen AI:

• Coding: Productivity gains of 35-55% by using ChatGPT and similar tools.

• Customer engagement: Offer more personalized customer interactions.

• Creative content generation: Streamline their content generation processes and to refine their audience segments, approaching a “segment of one,” i.e. marketing personalized for every individual.

• Content synthesis: Combine different data points and services in new ways.

Bigger picture: Majority of the corporate jobs boil down to two components:

• Domain expertise: Your skills and the depth of your knowledge.

• Communication skills: How you communicate your expertise.

Generative AI tools like ChatGPT help you improve on both, resulting in a new dimension in corporate job: AI usability. Let’s take another look:

• Domain expertise: AI helps you build, discover and iterate faster.

• Communication skills: Quality and speed of content creation like reports, PPTs, emails is drastically improved.

• AI usability: How to do your job better and faster.

People who leverage AI will have dramatic advantages over their peers, both in output and growth.

Will AI take away jobs? No. But someone using AI might.

New Tools
Leverage AI to grow

• Columns: Convert your massive data into beautiful visualizations in 5 minutes! The data storytelling platform helps you discover insights, offers design tools to animate and share with your team. (link)

• GPTfile: Organize files on your PC using GPT-4(link)

• Quillify AI: Translate business semantics and requests into database code along with real-time data results, offers flexible data segmentation and simple data retrieval. (link)

• Todobot: An AI-powered to-do list app with an inbuilt virtual coach. Break complex tasks to easily tackle your projects. (link)

• BoltAI: Instant ChatGPT access on any Mac app! It integrates within your IDE to help your code better, generates high-quality posts from blog outlines, creates technical content and offers a prompt library (link)

Learn

• How to clean your data for LLMs with Ambrosia (link)

• OpenAI released best-practices for using GPT models (link)

• Introduction to Prompt Engineering by Microsoft (link)

Misc
From the corners of the Internet

• Good Read: Why AI will save the world by A16Z’s Marc Andreessen (link)

• Instagram is building an in-app chatbot similar to Snap’s My AI bot (link)

• EU wants to AI-generated content to be labelled to fight disinformation (link)

• Read: Data framework for LLMs (link)