Source: cbsnews.com
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Summary
Bill Gates announced he will donate roughly 99% of his estimated $200 billion fortune over the next two decades, directing the vast majority to Africa through the Gates Foundation to improve health, education, and prosperity. Speaking at the African Union in Addis Ababa, he outlined priorities to reduce maternal and child mortality, combat infectious diseases, improve nutrition, and lift people out of poverty, with a plan to sunset the foundation after 20 years. He emphasized leveraging AI in healthcare, education, and agriculture—highlighting examples like Rwanda’s AI-enabled ultrasound—amid concerns over declining U.S. foreign aid and debates about philanthropic influence and tax benefits.
Key Points
- Gates will give away about 99% of his $200B wealth within 20 years.
- Most funding will target African health, education, and poverty reduction.
- Foundation aims to end preventable maternal/child deaths and major infectious diseases.
- AI will be integrated across health, education, and agriculture initiatives.
- Plan includes sunsetting the Gates Foundation after two decades amid aid cuts concerns.