Bill Gates' wealth to reduce further; Microsoft co-founder and 4 others pledge $1 billion for this AI project

Bill Gates and four other billionaires, including Charles Koch and Steve Ballmer, have pledged over $1 billion to NextLadder Ventures, an AI-driven initiative aimed at boosting economic mobility for low-income Americans. This commitment follows Gates' recent drop out of the top 10 on the Bloomberg Billionaires Index due to significant charitable donations, while Ballmer has surpassed him in wealth.

Most Recent