The World Bank will provide support in reforming banking and other sectors in Bangladesh, Finance and Commerce Adviser Salehuddin Ahmed said on Thursday. He said this after a meeting with Martin Raiser, vice president for the South Asia Region of the World Bank, at his Secretariat office. Speaking to reporters the adviser said, "We discussed various projects with the World Bank's South Asia Vice President and his team, including budget support, assistance in the energy sector, fertilizer imports, food, and post-flood aid." Additionally, "we talked about support for the Rohingya refugees. The World Bank was very positive about all the proposals we presented, and they provided concrete responses. They assured us that they, along with other stakeholders, would coordinate, and there would be no hesitation in providing necessary funding or assistance." "The reforms we have undertaken in the banking sector will receive support from the World Bank", said th...
Bill Gates has expressed optimism about the future of artificial intelligence (AI), climate change solutions, and the role of emerging technologies in a recent interview with The Verge. As he prepares for the release of his upcoming Netflix series, What's Next? The Future with Bill Gates, Gates highlighted the transformative potential of AI in health, education, and scientific discovery while addressing concerns about misinformation and climate impact.
Gates, who has invested billions in technology aimed at tackling global issues, told The Verge that AI's immediate benefits, particularly in areas like education, outweigh concerns about its potential misuse. "For the next decade, we'll be experiencing increased productivity in a lot of areas, which is overwhelmingly very good news," he said, pointing to AI's application as a personal tutor, referencing Khan Academy's AI tool, Khanmigo, which uses ChatGPT.
While acknowledging the potential for AI to be misused by bad actors, Gates dismissed fears that AI would significantly accelerate the spread of misinformation. "People can type misinformation into a word processor. They don't need AI to type out crazy things," he said, adding that AI could actually help reduce misinformation by monitoring content more efficiently.
One of the key issues discussed during the interview was the growing energy consumption required to support AI, a concern raised by climate activists. Gates, however, argued that the net benefits of AI in addressing climate change challenges outweigh the additional energy demands. "The AI benefits exceed the fact that that's just another electricity load," he stated, highlighting the role of AI in scientific advancements, such as improving steel production and weather forecasting.
Gates also addressed criticisms surrounding certain climate technologies, such as carbon capture and nuclear energy, which some activists view as "false solutions." He reiterated his belief in the importance of nuclear energy as a complement to renewables, particularly in regions that cannot rely solely on weather-dependent energy sources. Gates is the founder of TerraPower, a company working to develop safer and more affordable nuclear fission technology.
Looking ahead, Gates conceded that the global community is unlikely to meet the 1.5°C or 2°C targets set by the Paris Agreement, but he remains hopeful that technological advancements will help mitigate the worst impacts of climate change. "We'll have to be very innovative about adaptation," he said, adding that these technologies will play a key role in improving health, nutrition, and living standards in vulnerable regions.
Despite his optimism about AI and technology's potential, Gates also reflected on his time at Microsoft, where he continues to serve as an adviser. While he remains proud of the company's achievements, he noted the ongoing antitrust challenges faced by tech giants today, remarking that such scrutiny is inevitable for companies that reach a certain level of success.
The interview comes ahead of the release of What's Next? The Future with Bill Gates, which explores pressing global issues such as AI, climate change, and inequality, premiering on September 18.
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