The advancements in artificial intelligence, generative AI in particular, have had a major impact on the work of the Bill and Melinda Gates Foundation. 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 innovations in AI and its impact on the industry. Generative AI applications (00:00:00) "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." Governance around AI (00:00:53) "The idea that there's a lot of talk, getting government people to understand AI, could it be something where it's almost too addictive to sit there and, and talk to it. What should the guidelines be," Gates said. "I think about social media, if there is a parallel in recent years, and it feels like there was a retroactive attempt to regulate social media that wasn't quite successful. And there was perhaps some harm from social media. Do you think that there's applicable lessons to AI from that?" Impact on 2024 election (00:03:07) "I'm not sure for this year it's going to be that big of a thing. I mean, you want things that are generated by computers to be labeled that way. And people are talking about news organizations," Gates said. "When you have text, you say, okay, where did you get that information from? But I don't think it'll be a huge impact." 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. Editor's note: This article was written by Zach Faulds.

The Bill and Melinda Gates Foundation is focused on global healthcare and funding for vaccines for children in need. 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 current state of worldwide healthcare.  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. State of world health care (00:00:00) "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." Tech innovations (00:01:22) "You're probably familiar with this instrument when it's connected up to, like a $20,000 box here, we're getting the cost to be in the $400 or $500 range, and we're actually putting a lot of software with it so that as you scan a pregnant woman, you can say, okay, will this delivery be challenged," Gates explained. "So you have to get to a health center, or will will it be an easy delivery? And so we can prevent about 50% of maternal death by being able to tell in advance will there be problems." Pandemic preparation (00:04:02) "We need to invent new tools. You know, our vaccine doesn't last long enough. It doesn't provide broad enough protection. It doesn't block infection. It's a miracle in terms of preventing severe disease. But we didn't get it as soon as we'd wanted to," Gates said. "You had to wait to get diagnosed. And that meant that people were still spreading the disease. A few countries did that well, and they had a much lower death rate ... And then we need to staff the global organization so that we do fire drills ... pandemics needs to be added to that list of something that when it happens, you're ready to go." Editor's note: This article was written by Zach Faulds.

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.

Yahoo Finance reports from the World Economic Forum in Davos, Switzerland, where the docket this year will cover the explosion in artificial intelligence and how leaders should think about innovation and regulation.The World Economic Forum was established in 1971 as a not-for-profit foundation. The so-called masters of the universe will convene around the theme of ‘rebuilding trust’. Over 1,600 business leaders will be in attendance, including over 800 CEOs and 60 heads of government. Yahoo Finance’s Julie Hyman and Brian Sozzi will ask the most important questions to the world’s most high-profile leaders: is the world more divided than it has ever been? Is AI really bigger than the internet? Is this year’s huge election cycle the risk we’ve all been missing? Will the bull market in stocks end badly?Yahoo Finance will bring you on the ground interviews from January 15th - January 18th.

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