Bill Gates says AI could usher in an era of abundance after 20-year adjustment period

Bill Gates said artificial intelligence is likely to unfold in two stages, with an adjustment period of about 20 years before broader productivity gains spread across society. He said AI could first disrupt labor markets and be misused for crime if safeguards are lacking. In a second stage, he said AI combined with humanoid robots could perform work such as housing construction and food production, easing material shortages. He also stressed the need for regulation and monitoring.