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Bill Gates unconvinced by web3 or metaverse

Microsoft co-founder Bill Gates doesn’t seem convinced about Web3 and the metaverse’s significance, saying the technology is not “revolutionary.”

In response to a Redditor’s question on whether emerging technology shows the same promise as the internet did back in 2000, the business mogul said: “AI is the big one. I don’t think Web3 was that big or that metaverse stuff alone was revolutionary but AI is quite revolutionary.”

During a “Ask Me Anything” (AMA) session, in which he also addressed questions about climate change, veganism, and Infinite Jest (which he hasn’t read), the computer guru said that artificial intelligence (AI) was the most exciting area for technical growth today.

He said that the chatbot ChatGPT “gives a preview of what is to come.”  Next, he said, “I am impressed with this whole approach and the rate of innovation.”

Bill Gates went on to explore how artificial intelligence may be used to further his own charitable goals.

He said, “Thinking of it in the Gates Foundation context we want to have tutors that help kids learn math and stay interested.”

Microsoft expanding its metaverse presence

Towards the end of 2021, Gates predicted that most virtual meetings would move from 2D platforms like Zoom and Teams to the metaverse. He went on to praise how he thinks VR can make long-distance meetings more productive.

The billionaire has made it clear that he does not approve of cryptocurrencies and NFTs, calling them “100% based on greater fool theory.”

Meanwhile, Microsoft has been expanding its presence in the metaverse, and Gates remains involved with the company despite no longer holding the position of CEO.

It was one of the 35 companies that helped form the Metaverse Standards Forum last year, with giants like Meta, Sony, and Alibaba. Cooperative effort coordination is supposed to help bring about a “open and inclusive metaverse”.

The company has been working toward Gates’ vision of virtual meetings by making its meetings software available on Meta devices.

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About MahKa

Bill Gates unconvinced by web3 or metaverseMahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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