Deal Volume A clear-eyed view of Gen AI for the private capital industry
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Jul 17, 2024 Join Ben Ellencweig, a senior partner at McKinsey specializing in alliances at QuantumBlack, as he delves into the transformative role of generative AI in private equity. He discusses how this technology can enhance operational efficiency and navigate diverse data challenges. The conversation also sheds light on the essential balance of human oversight and accountability to mitigate risks. Personal stories weave in creative possibilities, encouraging listeners to explore AI's impact not just in business but also in personal projects.
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Generative AI vs. Analytical AI
- Generative AI creates new content, enhancing or creating it as if a human were involved.
- This differs from analytical AI, which analyzes and processes existing data faster.
Generative AI Archetypes
- Consider four main Generative AI archetypes: code generation, content generation, customer engagement, and virtual knowledge workers.
- Explore cross-industry applications of these archetypes for insights.
Generative AI Adoption
- Widespread Generative AI adoption is still in its early stages, similar to the adoption of prior analytical AI solutions.
- True scaling and impact are expected to happen in the coming years as experimentation continues in 2023 and 2024.