Bill Gates on AI: Why I'd choose Artificial Intelligence today

If he were to start over, he would join the race in the field of artificial intelligence, says Bill Gates. He adds that today, by starting a new company dealing with AI, one can raise billions.

Bill Gates is well aware of the development of artificial intelligence, which the entire tech world has been observing for at least several months. Therefore, the billionaire reveals that if he had to start over today and could gather enough capital, he would consider trying to build a rival to the largest companies working with AI, including Google, Nvidia, or OpenAI.

However, if he didn’t build a competitor to these companies, he would try to find a specific niche in the industry where AI could be useful – as reported on CNBC's website. Gates drew these conclusions based on research conducted in the AI industry, which he needed for a Netflix documentary series in which he talks about the future from a technological perspective.

The founder of Microsoft notes that AI will continue to evolve in the future as various technologies develop, which will find applications for artificial intelligence. Any new tech startup can consider how to "tap into" this niche and ensure its success by using AI.

"Just believing in AI, that’s not very unique. So I would have to develop some unique view of how you design AI systems — something that other people didn’t get", said Gates. He emphasises, however, that this is difficult, and if he were 20 years old again, he would have to hope that his "young brain" would see something in the approach to AI that other entrepreneurs do not.

The billionaire now advises today’s entrepreneurs that if they do not have an "epiphany," they should, from the beginning, think about how AI can improve the company's operations or daily human life. This means paying attention to automating costly tasks or helping generate valuable ideas that humans can later carry out. For example, Gates refers to doctors. He notes that if artificial intelligence reduced the amount of "paperwork" needed, they could spend more time working with patients.