On Nikhil Kamath's latest episode of WTF, Microsoft co-founder Bill Gates shared his perspective on how artificial intelligence (AI) will shape the future of work. Gates predicted that AI would render labor shortages a thing of the past in every industry, transforming economies from scarcity-based to abundance-based economies. He envisions AI taking over both white-collar and blue-collar jobs, creating what he referred to as "free intelligence."
But Gates promised that AI will never replace software developers anytime soon, dismissing job-loss concerns as "alarmist." Instead, he emphasized the capacity of AI to enhance productivity and revolutionize learning with advanced technology like virtual tutors.
The billionaire entrepreneur admitted that long-term social implications of AI are unclear but emphasized the need to re-think economic models in a world where scarcity may no longer be the norm of markets.
Source: Hindustan Times, Business Today, Economic Times