INDIA-ECONOMY-BILL GATES
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Bill Gates has predicted that artificial intelligence will soon play a major role in industries like medicine and education, potentially reducing the need for human involvement in tasks that currently require specialized expertise. During a recent appearance on The Tonight Show with Jimmy Fallon, the Microsoft co-founder shared his vision for the future, where AI technology could provide free and accessible medical advice and tutoring within the next decade. Gates described this shift as the arrival of a new era of “free intelligence,” which he discussed further with Harvard professor Arthur Brooks.

While the advancements are exciting, Gates also admitted that they are happening at a rapid pace, and that the transition could be unsettling. “It’s very profound and even a little bit scary,” he said, acknowledging the absence of any clear limits to how AI will transform society.

Despite concerns from some experts, such as Microsoft AI CEO Mustafa Suleyman, who believes that AI will have a “hugely destabilizing” impact on labor markets, Gates remains optimistic. He sees AI driving breakthroughs in healthcare, climate solutions, and education. However, he acknowledged that certain activities will always remain human-specific, such as entertainment. “There will be some things we reserve for ourselves,” he explained to Fallon.

 

Gates has been a long-time believer in AI’s potential. He has encouraged young innovators to pursue AI-focused ventures, stating that if he were to launch a startup today, it would center around the technology. He believes AI will unlock enormous economic growth, even if it also comes with challenges. “Hey, here’s the frontier,” Gates has told young people at Microsoft and OpenAI, inspiring them to explore the possibilities of AI.

Overall, while acknowledging the risks, Gates sees AI as a tool with the potential to revolutionize many aspects of life and work, even as it reshapes entire industries.

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