The state of AI in 2023: Generative AI’s breakout year

Editor, StartupHub.ai

The state of AI in 2023: Generative AI’s breakout year

McKinsey's latest research reveals that generative AI has moved from experimental to instrumental, with organizations reporting significant benefits and increasing adoption. The report highlights key trends, challenges, and opportunities for businesses looking to leverage generative AI.

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Profiles of the companies named in this story, with funding and a one-liner from our database.

McKinsey & Company

A global management consulting firm that advises corporations, governments, and other organizations on strategic and operational issues.

Generative AI

A broad category of AI models that create new content, including text, images, and code.

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Written by

Daniel Singer

Editor, StartupHub.ai

Daniel Singer is the editor of StartupHub.ai, a technology expert and thought leader on AI and its applications across sectors, from fintech and healthcare to developer tooling and consumer software. He writes and tests the tools covered here thoroughly and regularly, and built StartupHub.ai to give founders, operators and buyers a clearer read on what they are actually being sold.