Microsoft’s co-founder Bill Gates announced an accelerated time for giving his fortune on Thursday when he praised artificial intelligence as a changing game to stimulate public health and save lives worldwide.
As part of a new calendar, the Gates Foundation will spend more than $ 200 billion over the next 20 years and will close in 2045. The organization initially planned to close 20 years after the death of Gates.
The announcement occurred while Gates was targeting another Titan from billionaire technology, Elon Musk.
Tesla CEO has crossed draconian cuts to the United States agency for international development because Musk “did not go to a party this weekend,” said Gates New York Times In an apparent excavation with Musk’s lifestyle.
Gates is the richest 13th person in the billionaire “real -time” billionaire in Forbes, with a net value of $ 112.6 billion. Musk is the richest first person, with $ 383.2 billion.
Gates, 69, published a graph showing its net value in a 99% fall in the next 20 years in a blog article announcing the quarter of work. He also described a doubling of the rhythm of the donations.
“People will say a lot about me when I die, but I am determined that” he died rich “will not be one of them,” wrote Gates.
The Bill and Melinda Gates Foundation was launched in 2000, the same year, Bill Gates resigned as CEO of Microsoft. In 2024, Melinda French Gates left the foundation three years after the couple’s divorce.
The organization, which had more than $ 71 billion in assets at the end of 2023, was credited to reshape the world of global public health.
It lists five offices throughout Africa, in addition to locations in the United States, Europe, China, India and the Middle East.
Gates has cited progress in health efforts, including campaigns to eradicate polio and the creation of a new Rotavirus vaccine that has helped reduce the number of diarrhea children by 75%.
Separated from the Gates Foundation, the founder of Microsoft said that he planned to continue to finance initiatives aimed at extending access to affordable energy and revolutionary research on Alzheimer’s disease.
Not a “forever” foundation
In the blog post, Gates credited the writings of the 19th century American steel magnate Andrew Carnegie, whose foundation is still there.
But Gates said to New York Times He had no design on the creation of a “forever” foundation from “a strange inherited thing”, preferring to pump billions more to take advantage of emerging technologies.
“The tools are so phenomenal,” he said about the potential of AI in global health.
“All the intelligences will be in AI, and you will therefore have a personal doctor as good as someone who has a devoted doctor full time, is actually better than even what wealthy countries have,” said Gates New York Times.
While private foundations can do a lot, Gates has described the role of government as essential, rushing deep budget cuts by the United States, Great Britain, France and other countries.
“It is not clear if the richest countries in the world will continue to defend its poorest people. But the only thing we can guarantee is that, in all our work, the Gates Foundation will support efforts to help people and countries withdraw from poverty,” he wrote.
The moves included the assault against the USAID by the Musk’s “Ministry of Government” in the presidential administration of Donald Trump.
The doors qualified the cuts as “superb”, much more serious than expected.
Musk is “the one who cut the USAID budget,” said Gates New York Times. “He put it in the wooden shredder.”
In an interview with the Financial timeGates ridiculed the apparent confusion of Musk from the province of Gaza in Mozambique with Gaza in the Middle East as programs targeted by the Trump administration.
“The image of the richest man in the world who kills the poorest children in the world is not pretty,” said Gates about Musk in an interview with the Financial time.