Connect with us

Hi, what are you looking for?


Bill Gates explains how AI will change lives in 5 years

Bill Gate
Bill Gate

Bill Gates is now predicting that AI technology will be transformative for everyone within the next five years.

The rise of AI raises fears that the technology will eliminate millions of jobs around the world with the International Monetary Fund (IMF) reporting this week that about 40% of jobs around the world could be affected by the rise of AI.

But Gates believes history shows that with every new technology comes fear and then new opportunity.

“As we had [with] agricultural productivity in 1900, people were like ‘Hey, what are people going to do?’ In fact, a lot of new things, a lot of new job categories were created and we’re way better off than when everybody was doing farm work,” Gates said in an interview with CNN’s Fareed Zakaria on Tuesday.

“This will be like that, “Gates predicted that AI would make everyone’s lives easier, especially helping doctors do their paperwork, which is “part of the job they don’t like, we can make that very efficient.”

Since there’s isn’t a need for “much new hardware,” Gates said accessing AI will be over “the phone or the PC you already have connected over the internet connection you already have.”

He also said that the improvements with OpenAI’s ChatGPT-4 were “dramatic” because it can “essentially read and write” thus it’s “almost like having a white-collar worker to be a tutor, to give health advice, to help write code, to help with technical support calls.” He said that incorporating that technology into the education or medical sectors will be “fantastic.”

Microsoft has a multibillion-dollar partnership with OpenAI. Gates is one of Microsoft’s largest shareholders.

“The goal of the Gates Foundation is to make sure that the delay between benefitting people in poor countries versus getting to rich countries will make that very short,” Gates told Zakaria at Davos for the World Economic Forum. “After all, the shortages of doctors and teachers is way more acute in Africa then it is in the West.”

Gates is worth $140 billion, making him the fourth-richest person on Earth, according to Bloomberg’s Billionaires Index. But he likely would still be the world’s richest person if he hadn’t committed to giving away all of his money.

“I have more than enough money for my own consumption,” Gates said when Zakaria asked how philanthropic efforts are going. “I’m getting myself to go down the list, and I’ll be proud when I fall off altogether.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like


House of Representatives has resolved to probe the alleged unremitted N1.8 trillion and $342 million tax revenue owed to the federation by Multichoice Group....


Chukwuemeka Fred Agbata, CFA, MD/CEO of Anambra State ICT Agency, has championed a transformative approach to innovation in the civil service. His insights, shared...


Paul Pogba, former Manchester United midfielder, has reportedly been handed a four-year ban from football after failing a drugs test last August. The 30-year-old...


Mastercard and MTN Group Fintech have signed an agreement to provide all MTN MoMo customers with payment cards. In a joint statement on Thursday,...