Microsoft co-founder Bill Gates warned about the effects of the transition to an artificial intelligence-driven economy on employment and society.
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Bill Gates evaluated the future economic effects of artificial intelligence in his Decoder podcast program.
Speaking on the podcast program "Decoder", Microsoft co-founder Bill Gates said that the transition to an artificial intelligence-driven economy will potentially reshape the employment structure and raise questions about people's roles in society.
Gates stated that artificial intelligence could lead to a 20-year economic and social turmoil and said, "My biggest concern is this 20-year transition period, where there will be winners and losers and many shocks will occur." he said.
Underlining that society will need to overcome this turmoil before potentially entering an "age of abundance", Gates stated that developments in artificial intelligence and robotics may, over time, enable machines to undertake a large part of the physical work performed by humans, including building houses, growing food and even performing surgery.
On the other hand, Gates warned that governments and society are not sufficiently prepared for the rapid development of artificial intelligence technology.
Emphasizing the need for stricter state control and technical measures against cyber attacks and biological threats, Gates said that even under the most favorable conditions, the development of artificial intelligence could bring about one of the most turbulent periods in human history.

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Bill Gates stated that the transition to an artificial intelligence-driven economy could create 20 years of turmoil. Gates emphasized that automation will take over physical jobs, but society is not sufficiently prepared for this rapid change.

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Bill Gates stated that the transition to an artificial intelligence-driven economy could lead to 20 years of social and economic turmoil. Gates warned that governments are unprepared for this period when machines will take over physical work.