In an exclusive conversation with CNBC-TV18, Microsoft Chief Executive Officer Satya Nadella said that It is 'showtime' for the tech industry. "The most exciting thing to happen in the industry, perhaps, is the coming of OpenAI’s ChatGPT, an artificially intelligent chatbot," he told CNBC TV18 in an interview.
Meanwhile, he also mentioned the current downturn being experienced by the tech industry is because the demand spurred by the COVID-19 pandemic has begun to cool down, and that, coupled with a recession in several parts of the world, has resulted in a "normalisation."
Talking about the future of the industry, Nadella said, “I think the next phase — if you say mobile and cloud was the last paradigm — is going to be artificial intelligence (AI). And that’s kind of going to happen in the next, I would say, two or three years. It will be more like I take it back to 2007-2008, which is when cloud and mobile became big. I think we are in that phase when it comes to AI.”
However, Nadella expects the tech industry to experience a massive growth cycle after 'two years of pain'.
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