pwshub.com

Bill Gates Says If He Started Microsoft Today, He'd Focus On This Industry Instead

Bill Gates Says If He Started Microsoft Today, He'd Focus On This Industry Instead

Bill Gates Says If He Started Microsoft Today, He'd Focus On This Industry Instead

Microsoft co-founder and one of the world’s most prominent tech visionaries, Bill Gates, is turning his attention toward a new type of technology.

In an interview with CNBC, Gates said that if he were to launch a startup today, he would leave his software roots behind and focus squarely on artificial intelligence (AI).

"Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," Gates told CNBC, reflecting AI’s fervor. So far this year, startups in the field have attracted more than $26 billion in investments, according to CNBC citing data from PitchBook.

Don't Miss:

If Microsoft’s co-founder were to embark on the venture, Gates said his AI company would aim to compete with tech giants like Nvidia, Google and OpenAI or find an area where AI could deliver unique value.

“To really stand out as a small company, you have to pick something you're going to do uniquely," Gates told CNBC.

His shift in focus from software to AI mirrors a changing tech landscape. CNBC noted that when Microsoft was founded in 1976, Gates and co-founder Paul Allen were among the few who envisioned a future where computers would be part of everyday life.

Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market – here’s how to get equity in it with just $500

"I was lucky that my belief in software made me unique," Gates said. "Just believing in AI, that's not unique. So I would have to develop some unique view of how you design AI systems – something that other people didn't get."

The billionaire said that entering the AI space at this stage comes with its own set of challenges. With foundational technologies already being developed by well-funded companies, new entrants may struggle to make an impact. Gates told entrepreneurs to focus on how AI could address specific business needs or improve daily life – whether by automating expensive tasks or generating strategic insights with broader applications.

Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.

At 68, Gates' priorities have shifted. While he once measured success by Microsoft’s growth, today he is more focused on adding value to the world, particularly through his philanthropic work with the Bill & Melinda Gates Foundation and his clean-energy investment firm, Breakthrough Energy.

He has been encouraging younger minds at Microsoft, OpenAI and other tech companies to push the boundaries of AI, telling them, "Because you're taking a fresher look at this than I am, and that's your fantastic opportunity."

Just as his early faith in personal computing was prophetic, Gates' focus on AI may again prove to be a bellwether for the future of technology.

Read Next:

Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.

Get the latest stock analysis from Benzinga?

This article Bill Gates Says If He Started Microsoft Today, He'd Focus On This Industry Instead originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source: finance.yahoo.com

Related stories
1 month ago - In a 2015 interview on Valuetainment, billionaire entrepreneur and former owner of the Dallas Mavericks Mark Cuban shared some interesting views regarding income inequality and the minimum wage. He reflected his beliefs that raising the...
1 week ago - Bill Gates doesn't love the idea of slowing down and working part-time. At age 68, he stays very active in his work. He shares that Warren Buffett is a big inspiration for him. At 94, Buffett continues to work full-time as chairman and...
2 weeks ago - Few investors in history have been as successful as Warren Buffett. So when his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) adds a new...
1 month ago - As the rich wield their clout and garner a disproportionate share of the global wealth, an economist said on Tuesday minimum tax proposal for the billionaires could soon become a reality. Paying Up Fair Share: The concentration of wealth...
1 month ago - Regulators are circling ever closer to big tech companies — the latest being Google, which the Federal Trade Commission more than hinted this week should be broken up. It’s not at all certain that will happen, since it’s up to the judge...
Other stories
28 minutes ago - Generative artificial intelligence has the power to change almost every aspect of how we work, educate and entertain, and nearly every business is seeking to infuse AI into its business process to create new ways of engaging customers...
29 minutes ago - As digital transformation redefines the business landscape, cybersecurity is becoming increasingly complex and urgent. So it was timely that the mWISE 2024 conference, hosted by Google LLC’s Mandiant, brought together industry leaders...
34 minutes ago - China, a country with one of the lowest retirement ages in the world, will raise its retirement age starting in January 2025. At that time, China will gradually increase its retirement age over the next 15 years. Currently, the retirement...
34 minutes ago - Uranium Energy Corp. (AMEX:UEC) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc‘s (NYSE:RIO) Wyoming assets for a purchase price of $175 million. As per the deal, the buyout includes the...
35 minutes ago - Taking a late-summer country drive in the Midwest means venturing into the corn zone, snaking between 12-foot-tall green, leafy walls that seem to block out nearly everything other than the sun and an occasional water tower. The...