As leaders, it is incumbent on all of us to make sure we are building a world in which every individual has an opportunity to thrive. Understanding what AI can do and how it fits into your strategy is the beginning, not the end, of that process.

AI has been making tremendous progress in machine translation, self-driving cars, etc. Basically, all the progress I see is in specialised intelligence. It might be hundreds or thousands of years or, if there is an unexpected breakthrough, decades.

Deep-learning will transform every single industry. Healthcare and transportation will be transformed by deep-learning. I want to live in an AI-powered society. When anyone goes to see a doctor, I want AI to help that doctor provide higher quality and lower cost medical service. I want every five-year-old to have a personalised tutor.

Despite all the hype and excitement about AI, it's still extremely limited today relative to what human intelligence is.

Big Internet companies on average are capable of generating revenue of $1 million per employee, and that compares to 10 to 20 percent of that which is normally generated by traditional offline businesses of comparable size.

Steve Jobs was notoriously blunt about products he found wanting, but his attack on Flash - Adobe's popular technology for playing multimedia content inside a browser - was particularly vicious. Claiming it was buggy and insecure, Jobs banned it from the iPad.

People who bet against the Internet, who think that somehow this change is just a generational shift, miss that it is a fundamental reorganizing of the power of the end user. The Internet brings tremendous tools to the end user, and that end user is going to use them.

Some people may have noticed the new computer shelf at the anchor desk. Rather than phone calls, we want to take real time e-mails, and we'll be starting that very soon.