Thinks 1787

McKinsey: “The agentic organization will be built around five pillars of the enterprise: business model; operating model; governance; workforce, people, and culture; and technology and data. Imagine, for instance, the bank of tomorrow: When a customer wants to buy a house, a personal AI concierge activates a series of agentic workflows to serve the buyer. A real estate AI agent suggests properties, while a mortgage underwriting agent tailors offers based on the customer’s financial profile. Compliance agents ensure that the deal adheres to bank policies, and a contracting agent finalizes agreements before another agent fulfills the loan. All these workflows are overseen by an agentic team of human supervisors, mortgage experts, and AI-empowered frontline employees. In some cases, the bank could even extend its AI-powered services into furnishing, renovations, energy upgrades, and more. The bank becomes a network of agentic teams—an agentic organization.”

FT: “More than 18bn messages are sent to ChatGPT every week. In just three years, OpenAI’s chatbot has been used by more than one in 10 people and at a rate of adoption the world wide web did not achieve until the early 2000s — more than a decade after it was released.”

Sam Altman: “The way that I think of it is that most people will want to have one AI service, and that needs to be useful to them across their whole life. And so you’ll use ChatGPT, but you’ll want it to be integrated with other services and so you need to have other apps inside of ChatGPT. We need to have an API business, because you will want to be able to sign in with OpenAI into some service that someone else has built, and you’ll want the kind of continuity of experience and you’ll want it to still know you and have your stuff and know what to share and what not to share. So we want to build this AI helper for people and that’s going to have to — there’s a few pieces that have to fit into that. And then on the infrastructure side, this is where I’m spending most of my time now, it’s brutally difficult to have enough infrastructure in place to serve the demand we are seeing and it’s fun, it’s been an interesting new challenge for me, but there’s a lot that has to go into that.”

Business Standard: “Mumbai has traditionally relied on hubs such as Bandra Kurla Complex (BKC), Lower Parel, Worli, and Andheri East for commercial growth, and Chembur, Dombivli, and Thane for residential demand. Now, large-scale infrastructure projects are shaping new micro-markets that are set to define the city’s real estate future.  Experts point to micro-markets in Uran, Ulwe, Panvel in Navi Mumbai, Versova, Vikhroli, the Andheri West–Gorai belt, the Palghar region, and Bhiwandi. Connectivity initiatives, including the Mumbai Trans-Harbour Link (MTHL), Navi Mumbai International Airport (NMIA), Virar–Alibaug Multimodal Corridor (VAMC), Versova–Bandra Sea Link, Thane Ring Road, Thane–Borivali Twin Tunnel, coastal roads, and the Metro network, are driving interest.” 

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Rajesh Jain

An Entrepreneur based in Mumbai, India.