Microsoft’s CEO Satya Nadella has been awarded the CEO of the year by CNN Business.

Microsoft’s CEO Satya Nadella, has been named CEO of the Year for his significant investment in generative AI. In 2023, Satya Nadella, the company’s CEO, made a multibillion-dollar investment in AI, commercialised and integrated AI tools like ChatGPT into its portfolio of products ahead of competitors, and astounded industry observers with his ability to handle a crisis quickly, calmly, and thoughtfully.

Microsoft's CEO Satya Nadella


As we approach the conclusion of 2023 (what many may call the year of AI in the tech sector), Microsoft has been making news for all the right reasons. Microsoft has received numerous honours this month, including best-managed firm for four years in a row, top 20 organisations for internships, and more.
Many businesses are flocking towards generative AI, even going so far as to incorporate the technology into their products and services. Of course, Microsoft hasn’t been bashful about incorporating the technology into its whole ecosystem, including Windows. This is especially true if the corporation opted to invest billions of dollars in the technology.

After years of riding the success of Windows, the corporation is re-emerging as a tech innovation under his leadership. Wall Street has taken note, too, with Microsoft’s shares up 55% this year.

That is why CNN Business‘ staff selected Nadella as CEO of the Year, beating out other candidates such as Chase CEO Jamie Dimon, OpenAI CEO Sam Altman, and Nvidia CEO Jensen Huang.

“There’s no question 2023 was the year of AI,” Nadella told CNN in an emailed answer. “We’re not just talking about innovation in the abstract any longer; we’re seeing real product development, deployment, and productivity gains.” At the end of the day, however, this invention will be valuable only if it empowers all of us in our careers, communities, and countries.”

Since 2018, the CNN Business team of journalists and editors has met at the end of each year to choose one executive whose performance stood out. We chose someone based on criteria that change from year to year, so the process is certainly subjective.

Perhaps the company’s stock beat its competitors. Perhaps the CEO helped to right the ship after a rocky product launch, or the corporation created a lifesaving vaccine that changed the course of human history (h/t to Pfizer’s Albert Bourla, 2021’s CEO of the Year).

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