Nadella promotes token capital for AI-era companies

Microsoft CEO Satya Nadella has brought attention to a new concept he calls token capital. In his view, companies built for the future will need more than human talent alone. Success in the AI economy, he said, comes from combining human capital with token capital. The idea frames people and tokens as two forms of value that can work together. As AI becomes a larger part of business, Nadella is presenting this combination as a central feature of future companies.