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.

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).

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