Long story short, an enormous amount of capital is rapidly being spent on AI data centers and the necessary equipment to train and run powerful AI models, particularly graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA).

Despite working with Microsoft for 34 years, CEO Satya Nadella said that each year he feels more excited at the prospect of working with the tech giant with a sense of purpose and mission.

Fears of an artificial superintelligence that could replace humans are just a distraction at a time when ChatGPT still has major shortcomings.