Nadella believes AI will eventually transform business practices

Microsoft CEO Satya Nadella believes AI has not yet transformed business like Excel did in 1985. He noted that Excel streamlined financial forecasting, replacing slow processes with faster, collaborative methods. Nadella sees potential for AI to similarly change workflows. Nadella emphasized the need for businesses to focus on the value AI brings, rather than chasing artificial general intelligence. He criticized the industry's fixation on AGI milestones, suggesting that economic growth should be the true measure of AI success. Reports on AI's effectiveness in businesses are mixed. Microsoft claims a $3.70 return on investment for every dollar spent on generative AI, while other studies show a decline in meaningful ROI from AI projects over recent years.