Bill Gates isn't convinced that AI will replace humans

Fifteen years ago, Microsoft (MSFT) co-founder Bill Gates made a long-shot, somewhat shocking, prediction that, by all accounts, turned out to be accurate: Within years, he guessed, the world would rely almost entirely on the internet for everyday activities. Now, the business magnate and humanitarian is suggesting that despite some common -- and perhaps warranted -- concerns that artificial intelligence (AI) could upend and replace the U.S. workforce, he sees the technology as a chance for an economic revival. "You'll be far more efficient using resources, you'll be far more aware of what's going on," Gates, who's currently attending the World Economic Forum in Davos, Switzerland, told FOX Business' Maria Bartiromo. "And it's very cheap now: Computers can see and hear as well as humans can." The software, Gates said, can be used to supplement workers by monitoring "high-value environments" -- including jails, factories, courthouses or operating rooms -- and transcribing the ongoing occurrences with computers that can record what's going on.