Bill Gates Doesn't See a Future in Web 3.0

The Microsoft co-founder thinks the future lies in artificial intelligence rather than Web 3.0 or the metaverse.

Bill Gates doesn't think Web 3.0 and the metaverse have any relevance, saying the technology is "nothing revolutionary."

On Reddit, the question came up as to what current technology has the potential to be like the Internet was in the year 2000. Gates himself responded to this question and replied, "Artificial intelligence is big but I don't think Web 3.0 is that big, or that the metaverse stuff itself is revolutionary, but AI is pretty revolutionary."

During an "Ask Me Anything" session in which Gates answered various questions focused on climate change, veganism, and the book Infinite Jest (which he hasn't read), he repeatedly identified AI as the most exciting area of technological innovation today.

When asked what he thought of the ChatGPT chatbot, he said the product "provides a preview of things to come." He went on to add "I'm impressed with this whole approach and the speed of innovation."

Gates went on to talk about the potential use of AI in his own humanitarian work. "When we think about it in the context of the Gates Foundation, we want to have teachers who can help kids learn math and keep their interest in math," he said. "We want medical aid for people in Africa who don't have access to a doctor."

Microsoft and Web 3.0 in the eyes of Bill Gates

Gates predicted in late 2021 that within two to three years, most virtual meetings would move from 2D platforms, such as Zoom and Teams, to the metaverse. He said he was impressed with VR technology because it improves the experience of remote meetings.

The philanthropist and billionaire also made clear his distaste for NFTs and cryptocurrencies, saying the technology is "100% based on Greater Fool Theory." However, Microsoft, which Gates is still involved in even though he doesn't run the company, wants to start its own metaverse.

Last year, Microsoft joined 35 companies to form the Metaverse Standards Forum along with Meta, Sony and Alibaba. Their mission is to coordinate collaboration on an "open and inclusive metaverse."

The company wants to make Gates' prediction about virtual meetings a reality, and is therefore working to make its meetings app available on Meta devices.

Source: decrypt.co

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Jakub Odvářka

Jakub Odvářka

Bill Gates doesn't think Web 3.0 and the metaverse have any relevance, saying the technology is "nothing revolutionary."

On Reddit, the question came up as to what current technology has the potential to be like the Internet was in the year 2000. Gates himself responded to this question and replied, "Artificial intelligence is big but I don't think Web 3.0 is that big, or that the metaverse stuff itself is revolutionary, but AI is pretty revolutionary."

During an "Ask Me Anything" session in which Gates answered various questions focused on climate change, veganism, and the book Infinite Jest (which he hasn't read), he repeatedly identified AI as the most exciting area of technological innovation today.

When asked what he thought of the ChatGPT chatbot, he said the product "provides a preview of things to come." He went on to add "I'm impressed with this whole approach and the speed of innovation."

Gates went on to talk about the potential use of AI in his own humanitarian work. "When we think about it in the context of the Gates Foundation, we want to have teachers who can help kids learn math and keep their interest in math," he said. "We want medical aid for people in Africa who don't have access to a doctor."

Microsoft and Web 3.0 in the eyes of Bill Gates

Gates predicted in late 2021 that within two to three years, most virtual meetings would move from 2D platforms, such as Zoom and Teams, to the metaverse. He said he was impressed with VR technology because it improves the experience of remote meetings.

The philanthropist and billionaire also made clear his distaste for NFTs and cryptocurrencies, saying the technology is "100% based on Greater Fool Theory." However, Microsoft, which Gates is still involved in even though he doesn't run the company, wants to start its own metaverse.

Last year, Microsoft joined 35 companies to form the Metaverse Standards Forum along with Meta, Sony and Alibaba. Their mission is to coordinate collaboration on an "open and inclusive metaverse."

The company wants to make Gates' prediction about virtual meetings a reality, and is therefore working to make its meetings app available on Meta devices.

Source: decrypt.co

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