Many industries depend on the government to finance infrastructure and research before a true private market can develop. In the case of space, there is still a strong need for public-private collaboration. But as costs drop to reach space, more private-sector companies can enter the market. Matthew Weinzierl is a senior associate dean and Read more about The Growth of the Private-Sector Space Industry[…]
US energy demand will surge over the next few years, with the sector facing six critical challenges. Here’s a glimpse of possible solutions. Source: McKinsey Powering a new era of US energy demand
Micromobility refers to lightweight vehicles—typically electric—used for short-distance urban transportation. These vehicles provide a sustainable and flexible alternative to cars, helping to reduce traffic congestion and carbon emissions. Source: McKinsey What is micromobility?
Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win. Source: McKinsey The Read more about The McKinsey Crossword: Ways of Life | No. 230[…]
Decisive action may be needed for corporate and investment banking players in Gulf Cooperation Council countries to maintain their recent momentum. Source: McKinsey Five accelerators for corporate and investment banking in the GCC
The energy transition would be a physical transformation on a massive scale. Here are ten realities that must be confronted for it to succeed. Source: McKinsey Ten physical realities the energy transition must tackle
AI-powered chatbots are being deployed by companies to handle everything from booking travel to helping shoppers choose the right outfit. What makes some more effective than others? …Read More Source: Knowledge @ Wharton Tired of Chatbots? Here’s How They Could Improve
As models like GPT-4 and Claude get better at mimicking humans, Penn and Northwestern researchers offer a new way to test watermarking — the hidden markers used to identify machine-made text.…Read More Source: Knowledge @ Wharton Can We Still Detect AI-generated Content?
Changing demographics are triggering labor shortages. The solution may lie in automation that augments workers and makes them more productive, as well as reskilling and supportive government policies. Source: McKinsey Empowering the US workforce
AI is fueling high demand for compute power, spurring companies to invest billions of dollars in infrastructure. But with future demand uncertain, investors will need to make calculated decisions. Source: McKinsey The cost of compute: A trillion dollar race to scale data centers