Microsoft chief executive Satya Nadella has put forward a new idea called token capital. He says it could matter for the companies of the future. In his view, the AI economy will reward businesses that combine human capital, which means people and their skills, with token capital. Nadella said success will come from bringing these two forms of capital together. The idea presents a way of thinking about how companies may work in an economy shaped by AI.
businessIntermediate1 min read6/16/2026
Nadella puts forward 'token capital'
Microsoft chief executive Satya Nadella has introduced the idea of token capital for future companies. He says success in the AI economy will come from combining human capital and token capital.
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