Human Capital is a venture firm for builders. In addition to providing traditional VC funding, they invest in builders by connecting them with knowledge and resources to help them grow and add tangible value to their startups. They also build the talent infrastructure to enable their teams, cultures, and companies to scale.
Microsoft Chairman and CEO Satya Nadella published a lengthy post on X titled "A frontier without an ecosystem is not stable."In the post, Nadella stated that every company in the future must build two forms of capital — Human Capital and Token Capital. Human capital encompasses employees' knowledge, judgment, networks, creativity, and pattern recognition abilities, while Token Capital refers to the AI capabilities that a company owns and constructs.More importantly, as Token Capital grows, human capital does not depreciate in value; on the contrary, it becomes even more critical. Human initiative will be the core driving force behind the growth of Token Capital. Humans are responsible for setting ambitious goals, connecting information across domains, building relationship networks, and identifying truly important patterns. Without human guidance, computational power merely runs in circles. Therefore, the real opportunity does not lie in choosing which model is best, but in building a learning loop around the model, allowing human capital and token capital to compound and grow together.
According to Bloomberg, Standard Chartered CEO Bill Winters stated on May 19 that the bank will advance its adoption of artificial intelligence to replace “low-value human capital,” a move expected to eliminate thousands of jobs. On the same day, Standard Chartered announced plans to streamline operations by expanding AI applications across its business, aiming to cut more than 15% of support roles by 2030. As of the end of 2025, approximately 52,000 employees—located across India, China, Poland, Singapore, and Hong Kong—will hold such support positions.