Microsoft CEO: A Nation's Wealth is Now Tied to AI's Price

“Are you a cheap producer of energy? Can you build data centres? What’s the cost of the silicon in the systems?” he added. Shares in Microsoft have risen more than 100 per cent over the past five years on the back of the AI boom. The technology group is working with a number of different AI platforms including OpenAI. Quizzed by Fink on whether there was a AI bubble, Nadella said: “If all we are talking about are the tech firms; if all we talk about is what’s happening on the technology side, then that’s a bubble.” The test, he argued, would be whether we were talking about “here is a drug that was brought into the market, that is super-successful because it was AI-accelerated at clinical trial.” “For this not to be a bubble, by definition it requires that the benefits of this are much more evenly spread,” he said. The power of AI, Nadella stressed, needed to be focused on improving the outcomes of everything, ranging from health to education. “We as a global community have to get to a point where we are using [AI] to do something useful that changes the outcomes of people and communities and countries and industries,” Nadella said. The Microsoft boss revealed that he had used Copilot to prepare for the Davos meeting. “A few years back my field team would prepare notes, that would come to my HQ and that would get further refined … whereas now, I just go to Copilot and say, “Hey, I’m meeting Larry, please give me a brief,” he said.