Satya Nadella: In the future, every company must simultaneously build human capital and token capital

Microsoft Chairman and CEO Satya Nadella stated in an article on X that in the future, every company must simultaneously build human capital and token capital, where token capital refers to the AI capabilities owned and built by the enterprise. Satya Nadella believes that as Token capital grows, human capital not only does not depreciate, but becomes more important, and human subjectivity is the core driving force behind Token capital growth. Enterprises should build a learning loop around the model, allowing human capital and token capital to compound and grow together.