.BillGates is not a fan of Web3
on Reddit, Microsoft co-founder Bill Gates poured cold water on Web3 and crypto, dampening the hopes of those who expect these technologies to become the next big thing.
Responding to a user's question about whether there was a"mammoth technology shift like the Internet" in the works today, Gates said artificial intelligence was"the big one." This comes as Microsoft is investing billions of dollars in the field.The user recalled Gates' famous quote from the early 2000s about people vastly overestimating what the internet would be in five years but underestimating its potential after ten years.
In 2018, Gates said that he would short Bitcoin, the largest cryptocurrency, if he could. He later softened his stance, adopting a somehow neutral view. Still, Gates has lambasted Bitcoin for its excessive energy use. Despite Gates' anti-crypto stance, many remain patient, watching how some blockchain-focused companies continue to mature and solidify partnerships to further drive adoption of digital currencies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Gates will sell what he owns as money goes to foundationInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Bill Gates thinks AI, but not the metaverse, is 'revolutionary'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Bill Gates thinks AI, but not the metaverse, is 'revolutionary'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Bill Gates dismisses the metaverse's potential to achieve internet-style growthThe billionaire Microsoft co-founder weighed in on web3, the metaverse and AI in his latest Ask Me Anything session on Reddit.
Read more »
Attention pours in for young musicians who pulled off throwing a punk concert on BARTTwo Bay Area punk bands have been getting a lot of attention since throwing a huge, largely improvised show on a BART train on Friday night.
Read more »
Support pours in for families of two young men killed in San Marcos shootingNicholas Tiefer, 20, of Vista, and friend, Jesus Garcia, 19, of San Marcos, were shot just after 1:30 p.m. Jan. 4; few details have been released
Read more »