“For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread,” said Nadella. He noted that a “tell-tale sign of if it’s a bubble” would be if only tech groups were benefiting from the rise of AI, rather than companies in other sectors.
“I’m much more confident that this is a technology that will, in fact, build on the rails of cloud and mobile, diffuse faster, and bend the productivity curve, and bring local surplus and economic growth all around the world,” he said.
> Headline doesn't match his thoughts.
Well, your own quote of Nadella seems to match perfectly if you see through the buffoonery:
> "this would be a bubble ... if only tech groups were benefiting from the rise of AI, rather than companies in other sectors."
Translating from weasel-speak:
The "companies in other sectors" can be "benefiting from the rise of AI" only if they adopt some AI which, not quite coincidentally, is sold and pushed by Nadella's organization among others.
More discussion: https://news.ycombinator.com/item?id=46718485
CEO warns Product may fail if people don't want to buy it.
Perhaps going all-in wasn't the best move after all.