{"id":53830,"date":"2026-06-16T11:15:23","date_gmt":"2026-06-16T03:15:23","guid":{"rendered":"https:\/\/www.1ai.net\/?p=53830"},"modified":"2026-06-16T11:15:23","modified_gmt":"2026-06-16T03:15:23","slug":"%e5%be%ae%e8%bd%af-ceo-%e7%ba%b3%e5%be%b7%e6%8b%89%e6%8f%90%e5%87%ba%e3%80%8ctoken-%e8%b5%84%e6%9c%ac%e3%80%8d%ef%bc%9aai-%e6%97%b6%e4%bb%a3%e4%bc%81%e4%b8%9a%e7%ab%9e%e4%ba%89%e5%8a%9b%e7%9a%84","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/53830.html","title":{"rendered":"Microsoft CEO Nadra proposed \"tokeen capital\": new coordinates for the competitiveness of businesses in the AI era"},"content":{"rendered":"<p>June 16 news.<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e5%be%ae%e8%bd%af\" title=\"[View articles tagged with [Microsoft]]\" target=\"_blank\" >Microsoft<\/a> CEO SATIA NADRA ISSUED A LONG PAPER YESTERDAY PROPOSING \"<a href=\"https:\/\/www.1ai.net\/en\/tag\/token\" title=\"[see articles with [token] labels]\" target=\"_blank\" >token<\/a> THE CONCEPT OF \"CAPITAL,\" WHICH SUGGESTS THAT THE COMPETITIVENESS OF ENTERPRISES IN THE AI ERA WILL DEPEND ON WHETHER OR NOT<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e4%ba%ba%e5%8a%9b%e8%b5%84%e6%9c%ac\" title=\"[Sees articles with [human capital] labels]\" target=\"_blank\" >Human capital<\/a>token capital built a closed learning loop with a continuous compound\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-53831\" title=\"b2230b15j00tgpfn0004ad000u000t3m\" src=\"https:\/\/www.1ai.net\/wp-content\/uploads\/2026\/06\/bb230b15j00tgpfnv004ad000u000t3m.jpg\" alt=\"b2230b15j00tgpfn0004ad000u000t3m\" width=\"1080\" height=\"1047\" \/><\/p>\n<p>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\u3002<\/p>\n<p>He stressed that<strong>token, capital growth does not diminish the value of human capital, but makes it more valuable<\/strong>i don't know. in his view, human initiative is the central driver of token capital growth \u2014 humans are responsible for setting targets, cross-domain connectivity, identifying key patterns, \u201cno one leads, counting is just going in place\u201d\u3002<\/p>\n<p>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\u3002<\/p>\n<p>He also proposed a test:<strong>Enterprises should be able to replace bottom-up generic models at any time without losing professional judgement that is deposited in the system<\/strong>\"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\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>On June 16, Microsoft CEO Satya Nadra released a long-form post yesterday proposing the concept of \u201ctokeen capital\u201d, 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 that the growth of token capital would not diminish the value of human capital but would make it more valuable. In his view, human initiative is the central driver of token capital growth -<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[1270,8591,280],"collection":[],"class_list":["post-53830","post","type-post","status-publish","format-standard","hentry","category-news","tag-token","tag-8591","tag-280"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/53830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=53830"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/53830\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=53830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=53830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=53830"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=53830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}