Companies are building out AI big time — use cases or no. So apart from Nvidia, who’s making money from the AI boom? Management consultants! [FT, archive] Management consulting on AI is taking in m…
  • OptionalEnglish
    13•5 months ago

    If you’ve ever read a Gartner or McKinsey report, you might think management consulting was the precise use case for a BS machine given to fabrication. Several startups pitched replacing consulting tasks with AI last year. Then the big consulting companies bought them. [Sifted, 2023]

    Boston Consulting Group estimates 20% of their 2024 revenue will come from from AI. IBM has $1 billion in sales commitments for AI consulting and its Watsonx chatbot platform. Accenture did $300 million in AI-related sales in 2023. McKinsey says 40% of its 2024 business will be in AI. [NYT*, *archive]

    Well okay then