Technology is often associated with physical devices, but it also includes the vast digital infrastructure that underpins our modern world. McKinsey’s latest Technology Trends Outlook report highlights 13 key trends shaping business and commerce. At the top is agentic AI, which uses foundation models for complex tasks. General AI systems, including chatbots and predictive algorithms, play a significant role in transforming industries. Application-specific semiconductors, like GPUs, are crucial for AI advancements. Technologies such as 5G and LEO satellites enhance connectivity, while cloud and edge computing handle massive data processing demands. Immersive-reality technologies, despite waning interest in the metaverse, continue to attract investment. Digital trust and cybersecurity are evolving rapidly to counter AI-driven cyber threats. Quantum technologies promise faster computations, and innovations in robotics are advancing automation. Developments in mobility, bioengineering, space technologies, and sustainable energy are also driving significant change, with potential benefits and challenges for the future.