June 15 (Cointime) - According to a report by McKinsey, the rise of generative AI applications such as ChatGPT and Stable Diffusion could lead to an economic revolution, potentially adding $4.4 trillion to the global economy annually. This branch of AI focuses on creating new content based on pre-trained data and has a wide range of use cases, from medical diagnosis to artistic creations.

McKinsey highlights the potential impact on industries such as banking, high tech, and life sciences, with the technology able to automate up to 70% of work activities. PricewaterhouseCoopers predicts that AI's contribution to the global economy could reach $15.7 trillion by 2030, leading to increased investor interest in AI startups.