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A study conducted by the McKinsey Global Institute in June 2023 estimated that the economic potential of generative artificial intelligence could add more than $4 trillion dollars annually to the global economy, on top of the $11 trillion that nongenerative AI and other forms of automation could contribute. However, numerous technological, process-related, and organizational hurdles, as well as industry dynamics, stand in the way of an AI-driven global economy. Positive policies must be implemented to promote technologies that augment human capabilities, encourage AI’s widest possible implementation, and ensure that firms and sectors undergo necessary process changes.