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Tech billionaire Bill Gates thinks generative AI has plateaued and plans to invest

Stellar Snippets

Billionaire Bill Gates expressed his view in a German newspaper interview, stating that while ChatGPT's invention was groundbreaking for AI, he believes GPT-5 will not surpass GPT-4.

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Speaking to Handelsblatt, Gates also admitted that he may be wrong, but predicted increased accuracy and cost reduction in AI software.

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However, seeing AI's potential in helping climate change, the billionaire plans to invest in 100 AI-assisted companies working to improve the power grid.

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The world's fourth richest person and Microsoft co-founder, Bill Gates, has a net worth of $123 billion. However, he currently owns only 1.3% of Microsoft.

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Over the years, he has invested billions from the sale of his Microsoft shares into Cascade Investment LLC, which, in turn, makes investments in other companies.

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He was the world's richest person between 1997 and 2008, after which Carlos Slim replaced him for a few years. Jeff Bezos took over Gates in 2017.

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Microsoft established itself as a tech giant between the 1980s and 90s after it created the operating system MS-DOS for IBM.

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He established the Bill and Melinda Gates Foundation with his wife in 2000. It is the world's largest transparently operated charitable trust.

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In December 2010, Warren Buffet and the Gates family signed a commitment called "The Giving Pledge" to donate at least half their wealth to charity over time.

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