Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
I almost said no to my teen’s inconvenient first job. Then I realized how much she needed the experience.

I almost said no to my teen’s inconvenient first job. Then I realized how much she needed the experience.

September 27, 2026
Dario Amodei to have dinner with President Trump in a rare meeting

Dario Amodei to have dinner with President Trump in a rare meeting

September 27, 2026
David Rubenstein shares his recipe for career success — and says boomers like him ‘don’t want to get off the stage’

David Rubenstein shares his recipe for career success — and says boomers like him ‘don’t want to get off the stage’

September 27, 2026
5 BI staffers who put AI agents to work share what worked and what went wrong

5 BI staffers who put AI agents to work share what worked and what went wrong

September 27, 2026
This small town librarian offers a ‘Bye, Bye AI’ class to take AI off your phone. Now everyone wants in.

This small town librarian offers a ‘Bye, Bye AI’ class to take AI off your phone. Now everyone wants in.

September 27, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
September 27, 2026 3:44 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Bill Gates says the future of AI will happen in 2 phases and lead to ‘an era of abundance’
Bill Gates says the future of AI will happen in 2 phases and lead to ‘an era of abundance’
Markets

Bill Gates says the future of AI will happen in 2 phases and lead to ‘an era of abundance’

News RoomBy News RoomSeptember 27, 20261 ViewsNo Comments

Bill Gates says there’s a light at the end of the tunnel for AI, so long as humanity can wait a couple of decades.

During an interview on NBC’s “Meet the Press,” the billionaire businessman said AI will evolve in two phases. He told host Kristen Welker that humanity is entering the first phase, in which AI has the potential to solve problems like the high cost of living and expensive healthcare, but can’t do so yet.

“Yet it will be changing the job market and potentially empowering criminals if we don’t have the right safeguards, so you have a period that’s probably 20 years long where you have this adjustment,” Gates said.

Phase two is when humanity will begin to reap the benefits of AI.

“Once you get through that, then a combination of humanoid robots and AIs will provide. Building houses, growing food, a lot of things,” Gates said. “You could call it an era of abundance.”

He told “Meet the Press” that humanity will still face challenges, like finding a sense of purpose and deciding how to spend newly acquired free time, but large-scale shortages won’t bog us down.

“That’s for the younger generation to figure out what that looks like. My focus is can we get through this period of turmoil without too much damage,” Gates said.

Tech leaders have promoted AI as the next technological frontier and a necessary step in advancing humanity. They’ve said AI could lead to medical breakthroughs, boost productivity, revitalize economies, make essential goods affordable, and handle mundane tasks, giving humans more free time.

Critics, on the other hand, have expressed concerns that AI will cause job losses, worsen the environment, strain utility grids, and pose the risk of copyright infringement by trained AI models. They’ve also pointed toward privacy and cybersecurity issues, which have gained attention in recent weeks due to a spattering of AI-linked hacks.

Want more Business Insider in your news feed?

Add BI in Google so our reporting is easier to find when you’re searching for what matters.

An OpenAI agent escaped its system and hacked another AI company, Hugging Face, in July. Earlier this month, a research team at an AI startup said it used Anthropic’s Claude to hack into OpenAI’s codebase. The Wall Street Journal reported last week that Google’s Gemini had hacked three companies this spring. On Wednesday, Prime Minister Anthony Albanese said an OpenAI agent gained unauthorized access to an Australian government website this summer. Anthropic CEO Dario Amodei called on the industry to slow the pace of AI development this month, rallying AI leaders such as Sam Altman and Elon Musk.

On his part, Gates has advocated for AI guardrails and expressed concerns over how the technology could be misused. During the “Meet the Press” interview, Gates said AI is powerful enough to “drive events that cause a billion deaths.”

“You need law enforcement and the politicians to get into the discussion about what safeguards and monitoring look like,” Gates said. “That has to be a required thing, and it will be a little bit of overhead for the industry, but not a dramatic slowing of what they’re doing.”

While Gates and other industry leaders look toward the US government to set regulations, the director of the White House Office of Science and Technology Policy has a different take.

“It’s very interesting that they talk about these issues, about how scared they are about potentially where the future is, and maybe they want to do a pause,” Michael Kratsios told Fox News Sunday this month. “Our position is, if you do believe that you’re developing a technology that is unsafe or you don’t want it out into the world, you can just stop it.”



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Dario Amodei to have dinner with President Trump in a rare meeting

Dario Amodei to have dinner with President Trump in a rare meeting

5 BI staffers who put AI agents to work share what worked and what went wrong

5 BI staffers who put AI agents to work share what worked and what went wrong

‘Saturday Night Live’ spoofs Dario Amodei: ‘AI is the devil and I its maker’

‘Saturday Night Live’ spoofs Dario Amodei: ‘AI is the devil and I its maker’

The Meta data center in Louisiana is creating a housing boom

The Meta data center in Louisiana is creating a housing boom

I moved countries for love in my late 40s. I had to rebuild my career, friendships, and identity.

I moved countries for love in my late 40s. I had to rebuild my career, friendships, and identity.

Fixing transportation issues is key to getting more workers into US submarine yards and keeping them, Navy official says

Fixing transportation issues is key to getting more workers into US submarine yards and keeping them, Navy official says

I’m a dietitian who specializes in weight loss. Here are 4 fiber- and protein-rich breakfasts I eat when I’m tired of eggs.

I’m a dietitian who specializes in weight loss. Here are 4 fiber- and protein-rich breakfasts I eat when I’m tired of eggs.

My husband has been going on the same family trip every year since he was a baby. Now, we get to bring our daughter.

My husband has been going on the same family trip every year since he was a baby. Now, we get to bring our daughter.

Ruby on Rails creator declares ‘pencils down’ on handwritten code

Ruby on Rails creator declares ‘pencils down’ on handwritten code

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Dario Amodei to have dinner with President Trump in a rare meeting

Dario Amodei to have dinner with President Trump in a rare meeting

September 27, 2026
David Rubenstein shares his recipe for career success — and says boomers like him ‘don’t want to get off the stage’

David Rubenstein shares his recipe for career success — and says boomers like him ‘don’t want to get off the stage’

September 27, 2026
5 BI staffers who put AI agents to work share what worked and what went wrong

5 BI staffers who put AI agents to work share what worked and what went wrong

September 27, 2026
This small town librarian offers a ‘Bye, Bye AI’ class to take AI off your phone. Now everyone wants in.

This small town librarian offers a ‘Bye, Bye AI’ class to take AI off your phone. Now everyone wants in.

September 27, 2026
Bill Gates says the future of AI will happen in 2 phases and lead to ‘an era of abundance’

Bill Gates says the future of AI will happen in 2 phases and lead to ‘an era of abundance’

September 27, 2026

Latest News

The startup trap that kept this longevity app founder stuck

The startup trap that kept this longevity app founder stuck

September 27, 2026
‘Saturday Night Live’ spoofs Dario Amodei: ‘AI is the devil and I its maker’

‘Saturday Night Live’ spoofs Dario Amodei: ‘AI is the devil and I its maker’

September 27, 2026
I spent ,500 on a full-body checkup and cosmetic procedures in Turkey

I spent $7,500 on a full-body checkup and cosmetic procedures in Turkey

September 27, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.