Microsoft CEO Satya Nadella said Artificial Intelligence is moving on the right ladder and highlighted its importance in reviving the sluggish global GDP growth.

Kamler's state-of-the-art plant, for instance, will soon be able to produce bicycles with just 12 employees per shift.

The international financial crisis, he said, was not an inevitable outcome of globalization, but the consequence of the excessive chase of profit by global financial institutions and a "grave failure of regulation".