Bubble or Boom? Answer Depends on AI Adoption, Microsoft CEO Says
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Speaking at the World Economic Forum in Davos, Switzerland, on Tuesday, the Microsoft CEO said whether there’s an AI bubble depends on one not-so-surprising factor: adoption rates. “For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread” beyond just AI firms and the tech industry, Nadella said. Early indications suggest the industry may have its work (human, AI-driven or otherwise) cut out for it to achieve that. In PwC’s 29th Global CEO Survey, published this week, just 12% of top bosses said AI has delivered both cost and revenue benefits for their organizations, and more than half (56%) say they have seen no significant financial benefit from it.
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Key Entities
- • Satya Nadella - Microsoft CEO commenting on adoption and bubbles.
- • Microsoft - Company led by Nadella.
- • World Economic Forum - Event where remarks were made.
- • PwC Global CEO Survey - Survey cited on AI financial benefits.
- • AI adoption rates - Factor described as decisive for outcomes.
- • Chief executives - Respondents referenced in the survey.
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