Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate? OpenAI has promised to spend hundreds of billions while making a fraction of that, he noted. The maths does not add up.
Nadella did not push back. He reframed the question as a test AI has to pass.
“This is a new general-purpose technology that is going to drive productivity,” he said on CNN’s GPS. “That productivity has to translate into very broad-based economic growth that is economy-wide in terms of GDP growth.”
Then the condition. “If we don’t see that, then we are going to have a problem. So unless we see that broad economic growth, we’re not going to have this movie end well.”
It is a striking thing for the man who spent $190bn this year to say two days before his earnings call.
