*Nadella highlighted that “some of the biggest businesses we’ve built might not be as relevant going forward,” specifically worrying that Office, Excel, Word, and PowerPoint—products that have underpinned Microsoft’s growth—could be superseded by generative AI models capable of automating their core functions. He emphasized that long-held business categories might lose significance and that Microsoft’s value depends on its ability to continually create what’s relevant in fast-changing markets, rather than relying on legacy products.*

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