From NYTimes
Microsoft’s C.E.O. on humans and A.I. monopolies
Warnings about the potentially devastating effect of artificial intelligence on employment have sharpened with the advancement of the technology.
But in an essay that’s been making the rounds in Silicon Valley, Satya Nadella, Microsoft’s C.E.O., argues that “human capital” and an A.I. component, “token capital,” together can help businesses:
This means the real opportunity is not in picking the best model but instead in building a learning loop on top of models where human capital and token capital compound. You can offload a task, or even a job, but you can never offload your learning. The future of the firm is the ability to compound that learning across people and A.I.
Nadella also warns against letting a few A.I. models dominate, and wipe out whole business sectors:
If all the value is accrued by only a few models, the political economy will simply not tolerate it. There is no societal permission for an A.I. future that hollows out entire industries.
Microsoft’s C.E.O. on humans and A.I. monopolies
Warnings about the potentially devastating effect of artificial intelligence on employment have sharpened with the advancement of the technology.
But in an essay that’s been making the rounds in Silicon Valley, Satya Nadella, Microsoft’s C.E.O., argues that “human capital” and an A.I. component, “token capital,” together can help businesses:
This means the real opportunity is not in picking the best model but instead in building a learning loop on top of models where human capital and token capital compound. You can offload a task, or even a job, but you can never offload your learning. The future of the firm is the ability to compound that learning across people and A.I.
Nadella also warns against letting a few A.I. models dominate, and wipe out whole business sectors:
If all the value is accrued by only a few models, the political economy will simply not tolerate it. There is no societal permission for an A.I. future that hollows out entire industries.