The Bill and Melinda Gates Foundation has just announced its budget for 2024 of $8.6 billion, a 4% increase year-over-year, and part of its goal to reach a $9 billion annual budget by 2026. Former Microsoft (MSFT) President and CEO Bill Gates joins Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss the foundation's goals, the state of world healthcare, tech innovations, generative AI, the 2024 election, and more.  World healthcare (00:01:16) "I'm a little worried. The world's dealing with a lot of challenges right now, and the fact that we still have 5 million children die before the age of five. It isn't as visual. It's not like a plane crashing or a bomb hitting a building," Gates said. "And we have made progress. At the turn of the century, that number was 10 million. Vaccines are a big part of that the last few years with the pandemic our progress is plateaued ... health deserves to be on that agenda, particularly health in the poorest countries." Generative AI (00:08:00) "Most of the applications are just helping you be more productive. When I sit down to write something, often getting hints from the AI, having it look things over, simplify things, I found it's a real productivity increase," Gates explained. "Likewise, for coders, you're seeing 40, 50% productivity improvement, which means you can get programs sooner. You can make them higher quality, make them better." Climate challenges (00:11:50) "I'm a huge believer in more generosity to poor countries, to help them with their climate challenges," Gates said. "The U.S. government is the biggest player, and getting the group in that maintains generosity, spends that money well for health challenges and climate challenges. I hope we achieve that." It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Video highlights: 00:00:36 - Bill and Melinda Gates Foundation goals 00:01:16 - State of world healthcare 00:02:39 - Tech innovations in healthcare industry 00:06:48 - Vaccine misinformation 00:08:00 - Generative AI 00:11:50 - 2024 election, climate challenges 00:14:09 - Inflation Reduction Act Editor's note: This article was written by Zach Faulds.

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