Bill Gates again despises cryptocurrencies: “Artificial intelligence is more revolutionary”

Microsoft founder Bill Gates stays unconvinced concerning the significance of Web3, cryptocurrencies and the metaverse, saying these applied sciences are usually not “revolutionary”.

In response to a query from a Reddit person about what present know-how has the potential that the web had in 2000, the enterprise mogul stated: “Artificial intelligence (AI) is key. I do not suppose Web3 is that huge or the metaverse itself is revolutionary, however AI is fairly revolutionary.”

During a question-and-answer session the place the tech doyen answered questions on local weather change, veganism and the e-book An limitless joke (he hasn’t learn it), he repeatedly mentions AI as essentially the most thrilling subject of know-how and innovation immediately.

Asked concerning the ChatGPT bot, he stated the product “provides you an concept of ​​what’s coming.” “I’m impressed with this method and the extent of innovation” of the bot, he added.

The philanthropist additionally talked about potential functions of AI in his personal humanitarian work.

“Thinking about it within the context of the Gates Foundation, we need to have educators to assist children be taught math and maintain them ,” he stated. “We need medical assist for individuals in Africa who haven’t got entry to a physician.”

Bill Gates and cryptocurrencies

By the tip of 2021, Gates predicts that the majority digital conferences will transfer from 2D platforms like Zoom and Teams to the metaverse inside two to a few years. He added that he is impressed with how this know-how improves the distant assembly expertise.

But the billionaire was additionally clear about his distaste for cryptocurrencies and NFTs, saying they’re “100% primarily based on the most important idiot principle.”

Meanwhile, Microsoft, with which Gates is nonetheless concerned—although he does not run the corporate day-to-day—is getting into the metaverse.

Last yr, it was one in every of 35 firms, together with Meta, Sony and Alibaba, to discovered the Metaverse Standards Forum. The concept is to coordinate cooperation in direction of an “open and inclusive metauniverse”.

The firm is additionally working to meet Gates’ prediction of digital conferences by making its assembly apps obtainable on Meta gadgets.

*Translated with permission from Decrypt

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