Markets MSFT

Bill Gates Warns Governments Are 'Way Behind' On Artificial Intelligence

(RTTNews) - Microsoft Corporation (MSFT) co-founder Bill Gates has warned that governments around the world are not prepared for the sweeping changes artificial intelligence could bring to society, urging greater international cooperation to manage the technology's risks.

Gates, who has become more cautious about AI after previously expressing optimism about its potential, said governments need to address threats including job disruption, cyberattacks and dependence on AI companions.

Despite his concerns, Gates said AI could significantly improve healthcare and help narrow the gap between wealthy and developing countries if access is expanded fairly.

The Bill & Melinda Gates Foundation said it plans to spend at least $1 billion over the next two years on AI initiatives in healthcare, education and agriculture, including efforts to ensure AI systems work across more languages.

Gates said he has discussed AI concerns with U.S. President Donald Trump and his administration and hopes to meet Chinese President Xi Jinping later this year. He urged the U.S., China and other governments to cooperate in addressing the technology's risks.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available