mckinsey:

Why millions to make billions when you could pay trillions to make millions! Firms spend $61.9B on AI in 2025, most still waiting for results. 42% of pilot projects scrapped. McKinsey calls it the “generative paradox”

$61.9 billion. That’s how much companies are spending on generative AI in 2025. IDC says investment jumped 94% this year. https://www.business-standard.com/technology/tech-news/genai-paradox-companies-pouring-billions-into-ai-it-has-yet-to-pay-off-125081302003_1.html The payoff? Still nowhere to be seen. McKinsey finds nearly 80% of firms use generative AI—but the same number say it hasn’t boosted the bottom line. https://www.thestar.com.my/tech/tech-news/2025/08/14/companies-are-pouring-billions-into-ai-it-has-yet-to-pay-off Pilot projects are collapsing fast. S&P Global …

READ MORE

McKinsey: 46% of U.S. EV owners want to switch to ICE vehicles

A recent survey by McKinsey & Co. found that 46 percent of U.S. electric vehicle (EV) owners are likely to opt for a combustion-powered vehicle for their next purchase. The primary reasons cited for this inclination include concerns about the slow rollout of the National Electric Vehicle Infrastructure program by the U.S. Department of Energy, high costs of ownership, and …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.