Bill Gates Forecasts AI as a Tool for Global Equity in Near Future
Summary:
Microsoft co-founder, Bill Gates, predicts that artificial intelligence (AI) can create a "fairer world" with the right investments, highlighting the technology's potential to reduce the gap between affluent and underprivileged nations. Gates identifies challenges to overcome, such as project scaling without losing quality. He also acknowledges AI's transformative effects, likening it to the impact of mobile phones and the internet.
In his blog post forecasting developments for 2024, Microsoft co-founder and investor, Bill Gates, regarded artificial intelligence (AI) as a mechanism that can create a "fairer world". By making smart investments now, he emphasized that AI can significantly reduce or even "erase" the gap in time it takes for emerging innovations to be available in the "affluent world" and the "underprivileged world". Gates stated that important lessons from AI applications, notably in global health sectors, underline that AI solutions need to be designed according to the needs of the end users. Predicting the future of AI, he stipulated that in high-income nations such as the US, we might be 18-24 months away from witnessing substantial levels of AI usage by the general public. He went further to anticipate that African nations might experience a "similar level of usage” within approximately three years. This gap, however, is much smaller compared to what has been seen with other innovations. Related: Tech group and US standards body urges public participation in AI safety and development guidelines. While we are still in the early stages of AI implementation, Gates stated that this year has provided valuable insights regarding the types of jobs that AI can perform independently and those where it can assist as a "co-pilot". He acknowledged that there's a "prolonged journey ahead", which includes challenges such as project scaling without quality compromise and backend access with long-term functionality. Earlier this year, Gates declared the commencement of the "AI Era" and described the technology as "as transformative as mobile phones and the internet". Over the past year, generative AI's rapid emergence has led to disruptions across nearly all major global industries. Instances of such transformations in action range from India utilizing AI for improved weather predictions to the establishment of entire AI-controlled newsrooms. The Pope has even publicly commented on the topic of AI. Magazine: A glance at practical AI applications in crypto: Cryptocurrency AI markets and AI financial analytics.
Published At
12/25/2023 2:35:00 PM
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