Khaberni - Satya Nadella, CEO of Microsoft, warns that artificial intelligence threatens to become a speculative bubble unless its use spreads beyond major technology companies and wealthy economies.
Nadella said on Tuesday during a discussion at the World Economic Forum, that the long-term success of this rapidly evolving technology depends on its use across a broad spectrum of industries, as well as its adoption outside the developed world.
He added: "To not be considered a bubble, its benefits must be distributed more fairly."
He pointed out that "the indicator of it being a bubble" is the confinement of the benefits of the rise of artificial intelligence to technology companies in other sectors.
Nevertheless, Nadella expressed confidence that artificial intelligence will radically transform various industries, such as contributing to the development of new medicines.
He said, "I am fully confident that this technology will build on the foundations of cloud computing and mobile phones, will spread faster, will improve productivity, and will achieve a local surplus and economic growth around the world."
Nadella’s comments came during a dialogue with Larry Fink, CEO of Black Rock, on the first day of the annual meeting of the World Economic Forum in Davos, thereby kicking off the first of a series of speeches delivered by technology sector executives, including Sir Demis Hassabis, CEO of Google DeepMind, and Dario Amodei of Anthropic.
An increasing array of data from technology companies, including Microsoft, shows a global disparity in the rates of adoption of artificial intelligence, indicating that productivity benefits and business applications are concentrated in richer, advanced countries.
Nadella reiterated his view that the future of artificial intelligence adoption will not depend on a single dominant model provider, which has led the technology giant to collaborate with several specialized AI groups, including Anthropic and XAI, in addition to OpenAI.
Microsoft achieved an early advantage in the field of artificial intelligence through its $14 billion investment in OpenAI, giving it exclusive access to the company’s technology including ChatGPT, and priority in obtaining data center contracts.
However, after restructuring its partnership with Sam Altman's startup in October, Microsoft relinquished the exclusivity of meeting its data center needs and will lose exclusive access to its research and models in the early decades of this century.
Nadella stated that companies will be able to take advantage of multiple models, including open-source models, or even build their own models using a technology called "distillation" to produce smaller-sized and less expensive versions of powerful models.
Nadella added, "Therefore, the intellectual property of any application or company lies in how to use all these models with context engineering or your data."
He continued, saying: "As long as companies are capable of that, they will advance in their journey."
