Microsoft CEO Satya Nadella admitted in a recent interview that Microsoft missed out on capitalizing on the rise of web search, which became a major business model for Google. He reflected on the lesson learned from failing to anticipate this shift and emphasized the importance of staying ahead in technological changes,

Fears of an artificial superintelligence that could replace humans are just a distraction at a time when ChatGPT still has major shortcomings.

Long story short, an enormous amount of capital is rapidly being spent on AI data centers and the necessary equipment to train and run powerful AI models, particularly graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA).