Human capital

On June 16, Microsoft CEO Satya Nadra released a long-form post yesterday proposing the concept of “tokeen capital”, arguing that the competitiveness of AI-era firms will depend on the ability to build a learning gap between human capital and token capital. 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 an enterprise. He stressed, token..