McKinsey Executive Leaves to Lead Invisible Technologies, an AI Company

Matthew Fitzpatrick, a senior executive at McKinsey, is making a significant career move by departing the firm to take on the role of CEO at Invisible Technologies, an under-the-radar AI company. Fitzpatrick was previously leading QuantumBlack Labs at McKinsey, focusing on developing AI software and tools for various companies.

Transition to Invisible Technologies

After spending 12 years at McKinsey, Matthew Fitzpatrick, who served as the senior partner and global head of QuantumBlack Labs, is now set to lead Invisible Technologies. This move signifies his shift from consulting to the thriving AI industry in Silicon Valley.

Focus on AI Development

During his tenure at McKinsey, Fitzpatrick played a pivotal role in guiding teams to support companies in scaling their AI projects. He was instrumental in the creation of tools like Kedro, an open-source analytics and machine learning library that has garnered over 17 million downloads since its launch in 2019.

Invisible Technologies' Value Proposition

Invisible Technologies, with a valuation of $500 million, specializes in data pre-training and post-training for large language model developers. The company aims to assist businesses in effectively integrating AI into their operations, addressing the challenge of operationalizing AI models for widespread usage.

Leadership Vision

Fitzpatrick expressed confidence in Invisible Technologies' ability to help customers overcome the hurdles associated with AI adoption. He emphasized the importance of bridging the gap between AI development and practical implementation, citing the low utilization rate of AI models in current enterprise settings.

Critical Role in Talent Development

Colleagues praised Fitzpatrick for revolutionizing McKinsey's talent pool by recruiting more engineers and professionals with quantitative skills. His efforts led to the integration of over 7,000 technologists, designers, and product managers into the firm, with Fitzpatrick overseeing a significant portion of this workforce.

By fostering a culture that welcomed diverse technical expertise, Fitzpatrick played a key role in aligning McKinsey with the evolving demands of the digital landscape. His legacy includes reshaping the firm's approach to talent acquisition and problem-solving, paving the way for a new generation of innovative thinkers.

As Fitzpatrick embarks on this new chapter at Invisible Technologies, his strategic leadership and commitment to excellence are expected to drive further advancements in the field of AI technology.

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By: lvaranasi@insider.com (Lakshmi Varanasi)
Title: McKinsey Executive Leaves to Lead Invisible Technologies, an AI Company
Sourced From: www.businessinsider.com/mckinsey-senior-executive-departing-to-head-new-ai-company-2025-1
Published Date: Tue, 21 Jan 2025 19:02:01 +0000