Only 5% of companies see AI improving profit, McKinsey China chairman tells Consensus

The chairman of Greater China at McKinsey said nearly every company is experimenting with AI, few are rethinking their organizations deeply enough to unlock profit. What to know : While 98% of firms are testing AI, only about 5% report bottom-line gains, McKinsey's Joe Ngai told Consensus Hong Kong on Thursday. Hierarchical structures, not technology, are slowing large-scale transformation. Companies in China are focusing on usage and embodied AI, said Ngai, who predicted a coming “robot dividend.”