• Microsoft CEO Satya Nadella believes that blockchain technology needs a “ChatGPT moment” for mass adoption.
• ChatGPT has gained over 1 million users in two months and is yet to be released to the public.
• Microsoft has invested $10 billion in OpenAI, the firm developing ChatGPT.
At the 2023 World Economic Forum (WEF) in Davos, Switzerland, Microsoft CEO Satya Nadella expressed his support for blockchain technology, web3, and the metaverse. He noted that the decentralized ledger technology requires a “ChatGPT moment” to achieve mass adoption.
ChatGPT is an Artificial Intelligence (AI) tool developed by OpenAI, the firm that Microsoft has invested $10 billion into. Launched in November 2022, the AI tool has already gained more than 1 million registered users in less than two months of operations. This growth rate is remarkable when compared to Netflix, which took three years to reach these numbers, and Facebook (now Meta), which took almost a year.
Satya Nadella believes that blockchain technology needs “killer apps” to gain mass adoption, similar to what ChatGPT has achieved. He explained that these apps need to have a massive utility so that they can be used by the public. The full version of ChatGPT is yet to be released, yet it has been showing promising results.
The Microsoft CEO believes that blockchain, web3, and metaverse will soon be emerging trends, and he is confident that these technologies can revolutionize the world. He concluded that these technologies need a “ChatGPT moment” to reach their full potential.
