Microsoft (NASDAQ: MSFT) recently announced plans to spend $80 billion this year building out AI data centers to support training advanced AI models and deploying those models to the cloud. Meta Platforms is following suit,

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

Microsoft CEO Satya Nadella in a recent interview said that his company missed out on what turned out to be the biggest business model on web: search. Talking to Dwarkesh Patel, he further predicted that AI will not be a winner-take-all model.