New Delhi, June 15 -- As artificial intelligence (AI) firms Anthropic and OpenAI march toward what could be the largest initial public offerings (IPOs) in history, Microsoft's Chief Executive Officer (CEO) Satya Nadella warned of a future in which a few AI providers capture most of the economic value while industries lose ownership of their knowledge.

In a lengthy post on X over the weekend, Nadella said the winners of the artificial intelligence age will not necessarily be the companies with the most advanced models. Instead, they will create a unique learning system built on their own expertise, decision-making processes, and institutional knowledge. Nadella likened frontier AI models to an engine, saying the true differentiator is the...