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We are in a leadership crisis. We are not in a technology crisis; we are in a technology revolution. We are going to see technology shifts and changes on a scale that we have never seen on this planet,” Marc Benioff, the founder and CEO of the cloud-computing company, said at a CNBC panel debate at the World Economic Forum in Davos, Switzerland.

His comments came after a high-profile report by Oxfam out on Tuesday said that the combined wealth of the richest 1 percent of people was set to overtake that of the other 99 percent next year.

“Extreme inequality isn’t just a moral wrong. We know that it hampers economic growth and it threatens the private sector’s bottom line,” Winnie Byanyima, executive director of Oxfam International, said in the report.

Some say that the biggest technological innovations of the last 40 years, like the Internet, have largely benefited the wealthy. In a report on Monday, the World Economic Forum estimated that up to 5.1 million jobs could be lost over the next five years in 15 leading economies due to labor market disruption from the use of robots and artificial intelligence.

However, Erik Brynjolfsson, a professor at the U.S.’s MIT Sloan School of Management, said on Saturday that these technologies could complement existing workforces rather than replace them.


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