A new capitalism for the intelligent age
We are witnessing a fundamental shift in how business creates value, as AI and digital platforms elevate ideas and learning above traditional scale.
In his Time’s article, Klaus Schwab argues that business is undergoing a deeper transformation than previous technological revolutions. He notes that we are entering what he terms the ‘Intelligent Age’, where value is less about physical assets and more about ideas, relationships and the ability to learn faster than change.
According to Schwab, the assumptions of the Industrial Age, that growth meant simply scaling, that efficiency trumped adaptability, and that workers were interchangeable, no longer hold. Instead, enterprises must become living ecosystems, adaptable platforms rather than pipelines.
However, Schwab warns that intelligent technologies such as AI and automation are not inherently benign.
On the one hand, they can amplify human potential; on the other, if misused, they risk diminishing it. Business leaders must therefore undergo not just digital transformation, but a mental transformation, embracing resilience, inclusivity and human dignity as core values.
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