Bill Gates Accelerates Foundation Wind-Down and Criticizes Musk Over Aid Cuts
Bill Gates Accelerates Foundation Timeline Speeds Up with AI and Health Focus
billgates has fast-tracked the closure of the Bill & Melinda Gates Foundation, aiming to shut it down by 2045. This change reflects a strong commitment to solving global health challenges and promoting artificial intelligence for better healthcare. The foundation will now invest over $200 billion in the next two decades.
Promotes AI for Public Health Transformation
Artificial intelligence can revolutionize healthcare delivery. The foundation emphasizes AI’s potential to offer smart, scalable, and accessible healthcare—often outperforming current systems in developed countries. “All the intelligence will be in the AI… that’s actually better than even what rich countries have,” the leadership stated.
Responds to Elon Musk Over USAID Budget Cuts
He criticized Elon Musk for pushing funding cuts to the U.S. Agency for International Development (USAID). He warned that reducing aid could slow progress in global poverty reduction. “He put it in the wood chipper,” he remarked, expressing frustration with the slashes.
Philanthropy, Wealth Distribution, and Legacy
Ranked 13th on the Forbes billionaire list, Bill Gates pledged to donate 99% of his $112.6 billion fortune. His goal is to leave a legacy of impact rather than riches. “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” he said.
Since its founding in 2000, the Gates Foundation has played a key role in eradicating polio and reducing child mortality through rotavirus vaccine development.
Expands Global Foundation Footprint
By 2023, the foundation held over $71 billion in assets and operated in Africa, the U.S., Europe, India, China, and the Middle East. He also supports Alzheimer’s research and clean energy projects worldwide.
Rejects the Perpetual Foundation Model
Taking inspiration from Andrew Carnegie, he believes in solving current problems with today’s tools rather than postponing solutions. “The tools are so phenomenal,” he said, urging immediate action using AI and innovation.
Declining Global Aid and the Role of Governments
He expressed deep concern over reduced aid commitments from wealthy nations such as the U.S., U.K., and France. While private philanthropy plays a role, public funding remains critical for sustainable change.
