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Last week…
The Microsoft (NASDAQ: MSFT) co-founder published a 7-page letter called: “The Age of AI has Begun.”
It’s not the first time he shares his thoughts on AI.
But he elaborated on a few ideas.
For example, how it could be used in the workforce as a “digital personal assistant” to enhance employee productivity.
In his own words:
“As computing power gets cheaper, GPT’s ability to express ideas will increasingly be like having a white-collar worker available to help you with various tasks.”
He also said that AI could free up healthcare workers from certain tasks…
Such as filing insurance claims, completing paperwork and drafting doctor’s visit notes.
PLUS, considering how the next generation of AI tools will be even more efficient…
He says that this will “dramatically accelerate the rate of medical breakthroughs.”
Now – he’s of course a bit biased in favor of A.I.
After all, he continues to do consulting work for Microsoft…
And the tech giant recently announced a $10 billion investment in OpenAI: the startup behind ChatGPT.
The deal values OpenAI at $29 billion – making it worth more than eBay, Best Buy, Delta, Spotify and Kellogg.
Microsoft will get paid back 75% of its investment from OpenAI profits. And it will ultimately own 49% of OpenAI.
The other 49% will be owned by other investors.
Plus, OpenAI’s non-profit organization will retain a 2% equity stake.
Microsoft appears to be placing big bets on artificial intelligence.
And its $10 billion investment in OpenAI is just the start.
This major investment is sparking a wave of new investments in artificial intelligence.
And it’s creating a huge profit opportunity for YOU.