In the latest episode of the podcast “On with Kara Swisher,” Bill Gates revealed his three biggest concerns about artificial intelligence (AI). Accordingly, the Microsoft co-founder’s first concern is that bad actors will use AI for crimes, bioterrorism, and nation-state warfare.

In this case, he argues, it's important to make sure that the good guys who have AI in their hands can defend against those things and not get left behind.

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Bill Gates has his own concerns about AI technology. Photo: techovedas

President Joe Biden's budget for fiscal year 2025 includes billions of dollars for AI, including efforts to promote "the development and use of safe, secure, and trustworthy AI" and investments in "a new AI safety organization to protect the safety, security, and interests of the American public."

Gates’ second concern is that the rapid “pace of change” will lead to job losses. He believes AI could outperform jobs like telemarketing and customer service, which make up a large part of the economy.

Goldman Sachs' 2023 report stated that AI has the potential to create a major breakthrough for the labor market and affect about 300 full-time jobs.

A 2023 survey conducted by HubSpot found that salespeople save 2 hours and 15 minutes per day by using AI to automate manual tasks such as scheduling meetings, taking notes, and entering data.

“AI is not replacing salespeople, it is just taking over the most repetitive aspects of their jobs,” the report reads.

Gates’ final concern is the prospect of AI “losing control.” Many AI experts and researchers have warned about the potential consequences of AGI (artificial general intelligence, smarter than humans), including the end of the world.

AI models can be exploited for purposes such as fraud, cyber attacks or spreading false information...

Not only Gates, other business leaders have also expressed concerns about AI and wanted more regulations for this new technology.

In 2023, at the World Economic Forum, Microsoft chief scientist Michael Schwarz said he was “confident that AI will be used by bad actors and have real-world consequences.”

OpenAI CEO Sam Altman even said that while “the best case scenario is hard to imagine,” on the other hand, he also thinks of a worst case scenario in which AI is “a nightmare for everyone.”

Speaking of the present, Gates revealed that he uses Microsoft's Copilot to summarize meetings. "The ability to interact, not just summarize but ask questions about the meeting is pretty cool," he shared in a recent interview.

(According to Insider)