June 16 news.Microsoft CEO SATIA NADRA ISSUED A LONG PAPER YESTERDAY PROPOSING "token THE CONCEPT OF "CAPITAL," WHICH SUGGESTS THAT THE COMPETITIVENESS OF ENTERPRISES IN THE AI ERA WILL DEPEND ON WHETHER OR NOTHuman capitaltoken capital built a closed learning loop with a continuous compound。
Each enterprise must build two types of capital at once: human capital and token capital. Human capital is the knowledge, judgement, interpersonal relationships, creativity and regular insight that employees possess; token capital is the AI capacity to build and manage the enterprise。
He stressed thattoken, capital growth does not diminish the value of human capital, but makes it more valuablei don't know. in his view, human initiative is the central driver of token capital growth — humans are responsible for setting targets, cross-domain connectivity, identifying key patterns, “no one leads, counting is just going in place”。
NADRA ARGUES THAT THIS ROUND OF AI TRANSFORMATION IS DIFFERENT FROM ANY PREVIOUS PLATFORM CHANGE: IN THE PAST, DIGITAL SYSTEMS WERE USED TO ENHANCE HUMAN CAPITAL; THIS TIME, FOR THE FIRST TIME, PEOPLE AND DIGITAL SYSTEMS WERE ABLE TO FORM A REAL COGNITIVE LOOP, FUNDAMENTALLY CHANGING THE DEFINITION OF "WORK" ITSELF。
He also proposed a test:Enterprises should be able to replace bottom-up generic models at any time without losing professional judgement that is deposited in the system"THE EXPERIENCE OF COMPANY VETERANS." THIS IS WHAT HE SEES AS THE CORE CRITERION OF WHETHER A BUSINESS REALLY HAS SOVEREIGNTY AND CONTROL IN THE AI ERA。