Microsoft co-founder Bill Gates has questioned the importance of Web3 and the metaverse, stating that these technologies are not “innovative”.

Asked by a Reddit user to identify which technology has the same potential as the Internet in the year 2000, the business mogul replied that AI is “the greatest.” Although Web3 or the metaverse did not experience such profound success on its own, Artificial Intelligence can be considered an extremely revolutionary technology.

In an ‘Ask Me Anything’ (AMA) session focusing on climate change, veganism, and Infinite Jest (which he hasn’t read yet), the tech guru consistently highlighted artificial intelligence as the most exciting arena for technological breakthroughs. current. When asked about ChatGPT, he commented that he offered an idea of ​​”what could be expected in the near future”.

“I am impressed with all this focus and the rate of innovation,” he added.

During his speech, the philanthropist brainstormed how AI could be used to benefit his humanitarian projects. “For example,” he explained, “the Gates Foundation is looking into the possibility of using AI to create tutors that can help kids stay engaged in their math lessons and provide healthcare to African citizens who don’t have access to a doctor”.

Bill Gates Describes Cryptocurrencies As Totally Reliant On The Biggest Dummy Theory

By the end of 2021, Gates predicted that most digital conferences would take place on metaverse platforms rather than 2D, like Zoom and Teams, in two to three years. Plus, he was blown away by how virtual reality technology has improved remote meetings.

The billionaire has made it abundantly clear that he is not a fan of cryptocurrencies and NFTs, describing them as “totally dependent on the big dummy theory.”

Since Gates is still involved with Microsoft, albeit in a non-executive capacity, the company has begun to move into the metaverse. Last year, High Fidelity was one of 35 companies that joined Meta, Sony and Alibaba to create the innovative Metaverse Standards Forum. This joint venture seeks to develop an open access “metaverse” for all users to collaborate on.

To make Gates’ prediction about virtual meetings come true, the company has worked hard to ensure that its meeting apps are accessible on Meta devices.