BREAKING
Nadella: Build Human + Token Capital
Two Forms of Capital
Human Capital
●
Knowledge & judgment
●
Relationships & ingenuity
●
Cannot offload learning
Token Capital
●
AI a company owns
●
Built on its own data
●
Grows with human agency
Warning: Hollowing Out
Microsoft Frontier Tuning
1
Use workflow traces
↓
2
RL in secure sandbox
↓
3
Own the weights
0
new MAI models
0
x
token efficiency
0
/10
of the cost
Watch the Frontier Ecosystem
AI NEWS BLITZ
Microsoft's Satya Nadella says AI-era firms must grow both human and token capital.