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).

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

Reflecting on past tech shifts, the rise of AI, and how businesses must adapt to stay ahead, among other things, Microsoft CEO Satya Nadella recently admitted that Microsoft missed the biggest business model on the web—search engines.