Tech Leaders Optimistic About AI's Potential at APEC Conference

Despite industry enthusiasm, concerns persist about technology misuse and job displacement.

Microsoft CEO Satya Nadella, speaking at the Asia-Pacific Economic Cooperation conference, expressed optimism about the potential of AI, stating that it will be as transformative as the advent of personal computers, the internet, and smartphones.
Nadella's company, Microsoft, has invested over $10 billion in OpenAI, the startup behind the AI chatbot ChatGPT.
Google CEO Sundar Pichai shared similar sentiments, emphasizing the need to work hard to harness AI's potential.
The stock prices of both Microsoft and Google have soared by more than 50% this year, largely due to advances in AI, producing an additional $1.6 trillion in shareholder wealth.
Despite the optimism from tech industry leaders, there are concerns from outside the industry about the potential misuse of technology and the impact of AI on jobs.