Satya Nadella
speaker
1,525 appearances
13 recordings
8 series
first heard Feb 2025
last heard 1 Jul
Satya Nadella’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 7.
Appearances
So I'm not sort of opposed to innovative ideas like this.
But at the end of the day, I mean, there's this entire movement of if only we had invested some portion of our social security in S&P 500, we would have a surplus or what have you.
And so to the degree to which some of these ideas can be played out and they succeed, I think we'll all benefit from it.
In fact, it's one of the...
things that I think a lot about is the difficulty of even a very powerful general purpose technology and its diffusion and the amount of change management that is required, right?
I mean, the systems, right?
For example, one of the challenges right now that we are going to face in the next year, two years is this, you know, the economics of tokens.
For example, the hard truth is that the marginal cost of productivity improvement has to match the marginal cost of the token.
That's a management discipline, right?
So you can't just say, hey, I love token maxing because it's sort of money in my bank.
The business has to benefit from it.
And that is what is going to really drive it.
So in fact, it's fascinating.
The equation for the 10% growth would be when you have a perfect match between the marginal cost of the token to the marginal value and it's priced, right?
So that means it's the best way to get at it.
If that happens, 10% is definitely going to happen.
But definitely what's happening right now where everybody goes and wipe codes and token maxes, that's not a way to achieve 10% growth.
And what I mean by that is, you know, look, I want people to obviously, and myself, I'm like a token maxer too, so...
It is addictive.
It's kind of like, hey, I love this thing.
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