Microsoft CEO Satya Nadella warns that the AI boom could become a speculative bubble if the technology does not gain wider acceptance outside of large technology companies and wealthy economies.

“For this not to be a bubble by definition, the benefits need to be spread much more evenly,” Nadella said at the World Economic Forum in Davos, according to the Financial Times.

Nadella says that he is confident that AI will transform several industries.

“I am much more convinced that this is a technology that will actually build on the foundation of cloud and mobile platforms, spread faster, bend the productivity curve, and create local surpluses and economic growth around the world,” said Nadella.

He also emphasized that the future is unlikely to belong to a single dominant AI model. According to Nadella, the core principle will be for companies to combine different models with their own data and model distillation to create smaller and cheaper solutions.

This article originally appeared on ComputerSweden.

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