Cloud Hosting

C3 AI CEO Tom Siebel provides insight on the 'unimaginably powerful' technology on 'The Claman Countdown.'

Bill Gates is weighing in on the potential of artificial intelligence (AI) and how it could allow humans to work just three days a week.

"If you zoom out, the purpose of life is not just to do jobs," the Microsoft co-founder said Monday on an episode of Trevor Noah's "What Now? With Trevor Noah" podcast. "So if you eventually get a society where you only have to work three days a week or something, thats probably OK if the machines can make all the food and the stuff and we dont have to work as hard."

"The demand for labor to do good things is still there if you match the skills to it, and then if you ever get beyond that, then, OK, you have a lot of leisure time and will have to figure out what to do with it," Gates said.

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, on June 12, 2023. (Jordan Vonderhaar/Bloomberg via Getty Images / Getty Images)

Gates also acknowledged that job displacement happens with new technologies.

"If they come slow enough, theyre generational," he said. The billionaire gave an example of fewer farmers in this generation compared to prior ones.

JPMORGAN CHASE CEO JAMIE DIMON ON WHETHER AI WILL REPLACE SOME JOBS: OF COURSE, YEAH

"So if it proceeds at a reasonable pace, and the government helps those people who have to learn new things, then its all good," he told Noah. "Its the aging society, its OK because the software makes things more productive."

Gates argued earlier this year that AI could provide major benefits to productivity, health care and education. He has also more recently talked about the potential of AI-powered personal assistants called "agents" that eventually "will be able to help with virtually any activity and any area of life" online.

Microsoft co-founder Bill Gates reacts during a visit with Britain's Prime Minister Rishi Sunak at Imperial College University on Feb. 15, 2023, in London. (Photo by Justin Tallis - WPA Pool/Getty Images / Getty Images)

AMAZON LOOKING TO HELP 2M PEOPLE GROW THEIR AI SKILLS

In March, while touting AI, Gates also called for establishing "rules of the road" so "any downsides of artificial intelligence are far outweighed by its benefits."

The potential future impact of AI on jobs and workflows has come up more as companies increasingly move to embrace the technology.

Former TD Ameritrade Chairman & CEO Joe Moglia joins 'Mornings with Maria' to discuss his outlook for A.I., durable goods, the economy and the impact of the Federal Reserve's rate hikes.

In April, the World Economic Forum found that nearly three-quarters of the companies it surveyed around the world indicated they would likely adopt AI. Half of the surveyed companies said they expected AI to create job growth, while 25% thought it would lead to job cuts.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

LinkedIn recently reported that it experienced a surge in the number of job advertisements referencing AI compared with November of last year.

Go here to see the original:
Bill Gates says using AI could lead to 3-day work week - Fox Business