Microsoft CEO Satya Nadella gave a rare TV interview on CNN’s GPS with Fareed Zakaria, aired on July 26. He warned about AI bubble risks and the dangers of concentrated power in the sector. Wall Street is increasingly anxious about massive AI infrastructure spending without guaranteed proportional returns. Nadella advocated for a democratic AI ecosystem where access is not bottlenecked by a handful of hyperscalers. The interview came as even insiders acknowledge that the current valuation environment appears stretched.
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