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McKinsey: Generative AI could produce US$110B-US$180B in annual value for global real estate industry, which can use Gen AI to speed up investment decisions, enable prospective tenants to visualize themselves in a property, improve customer service

McKinsey: World leaders must address affordability, reliability and industrial competitiveness to ensure net-zero transition; affordability is big concern, as decarbonizing steel and cement manufacturing could raise production costs by 15% or more by 2050

McKinsey: Global M&A activity saw steep drop for most of 2023, but rose in Q4 by 37% year-over-year; appetite is growing for strategic dealmaking, given seismic shifts in businesses like rise of AI, sustainability, emergence of tech-enabled consumer class

McKinsey: Europe's competitiveness lagging behind US due to lack of investment in key areas such as AI, workforce skills and support for innovative companies, but Europe leads in sustainability and social inclusion, with inequality far below US levels

McKinsey expects AI to generate US$500B in new US household wealth by 2045, but warns of wider racial wealth gap without thoughtful implementation by companies; remedies include upskilling, training, chief diversity officers invited to AI decision-making

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