This is an excellent (long) read by McKinsey and Company introducing the various aspects of AI.  It cuts through a lot of the hype and jargon.  

The article starts with a basic definition of Artificial Intelligence (AI) and its capabilities. It then dives into the history of AI, outlining the different stages of its development. The article explores various applications of AI across industries, including its impact on business efficiency and problem-solving. It also discusses the limitations of AI models and the potential risks associated with them, emphasizing the importance of responsible AI development. The later sections of the article explore how governments and organizations are addressing these risks through regulations and best practices. Finally, the article concludes by highlighting the transformative potential of AI and the steps organizations can take to scale up their AI efforts.

The takeout is that AI is rapidly transforming industries. Businesses are leveraging its capabilities to improve efficiency, generate creative content, and make data-driven decisions. However, challenges around bias, transparency, and regulation require careful consideration. Overall, AI presents significant opportunities for organisations that embrace its potential. Expect competition to toughen up. 

A must read for managers in all industries.