At Microsoft Build, Satya Nadella sat down with Forward Future’s Matthew Berman to explore how AI is transforming software from the ground up.

They cover everything from the collapse of SaaS to the rise of personal agents, the economic implications of zero-cost intelligence, and why Microsoft is redesigning its entire stack for an agent-first future.

📌 Highlights – Key Moments from the Interview

00:00 – Intro
Setting the stage: energy usage, intelligence at scale, and the future of the OS.

00:50 – Microsoft All In on AI
Why Azure is becoming an “AI factory”—and what that means for infrastructure.

03:53 – AI Changing Microsoft Products
Microsoft 365 is transforming into an intelligent IDE powered by agents.

05:56 – Is SaaS Dead?
Satya on why the app layer is collapsing and orchestration is the new frontier.

09:24 – Who Owns the Agents?
Governance, identity, and IP in a world where agents do the work.

10:58 – Personal Agents in the Workplace
How Microsoft separates personal and corporate agent environments.

12:18 – Zero Cost Intelligence
When intelligence becomes free, what happens to productivity—and power?

14:32 – AI’s Economic Impact
From oncology to small business: how AI justifies its energy footprint.

17:25 – Future Operating System
Satya explains why OS-level code may soon give way to generative systems

🎥 Full Interview: Satya Nadella on AI, SaaS, and Microsoft’s Next Big Bet