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.

Do you know who the real hypocrite is? It's the federal government and the Justice Department. It's a fraud; it's a lie. They have no interest in the education of black children. They are only interested in the politics of it.

The rest of the world may devour Japanese hardware - from Honda Civics to Sony Walkmans - but Japanese software, such as books, movies and recordings, has had little impact outside Japan. The exception is video games.

When '36 Chowringhee Lane' was released in 1981, I was a student of the Film and Television Institute of Tamil Nadu. Everyone who had seen the film was very impressed with its flawless direction and acting. But we, cinematography students, were stunned by the visual style, which was truly international.

I started NetSuite. NetSuite was my idea. I called up Evan Goldberg and said, 'We're going to do ERP on the Internet, software-as-a-service.' Six months later Marc Benioff, finding out what NetSuite was doing, and kind of copied it.