McKinsey China Chairman Reveals Only 5% of Firms See AI Boosting Profits at Consensus

At the recent Consensus conference, McKinsey's China Chairman, Joe Ngai, presented a sobering statistic: only about 5% of companies globally report seeing a significant profit improvement from their artificial intelligence (AI) investments. This insight highlights a major gap between AI adoption and tangible financial returns. Ngai emphasized that while AI experimentation is widespread, translating it into measurable bottom-line impact remains a significant challenge for the vast majority of businesses. The discussion at the premier crypto and blockchain event underscores the complex journey of AI integration across industries, suggesting that realizing its full economic potential requires more than just technological implementation.