McKinsey’s Newest Analysts Are AI Agents
AGI starts with the junior work that law and consulting firms bill for by the hour. The winners sell those firms the databases and software they can’t work without and charge more for the AI versions.
McKinsey, a leading consultancy firm, is transitioning its workforce by replacing junior associates with AI agents. This shift, from 45,000 to 40,000 employees over the past two years, aims to increase efficiency and profitability. AGI, or artificial general intelligence, is seen as an employee-like system that can perform most tasks a capable person can, without supervision.
McKinsey employs 40,000 AI agents and 40,000 humans, marking a significant shift in their operating model. The firm's pricing model is being reevaluated, with a move towards charging for access or outcomes rather than the number of hours worked. This transition is expected to lead to higher revenue if clients pay for AI-driven outcomes rather than individual hours.
Other firms are also following suit, with RELX and Intapp showing strong performance through AI integration. Thomson Reuters and Accenture are still figuring out how to monetize their AI offerings, while Gartner is lagging behind in the AI transition.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
