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India has Great Potential to become most Digitised Economy Globally in 7 years, says Bill Gates

Bill Gates, who co-chairs the Bill and Melinda Gates Foundation, said automation, cloud services and AI are poised to eliminate manufacturing jobs

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Microsoft founder Bill Gates. Flickr
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New Delhi, November 17, 2016: Noting that India has great potential to become the most digitised economy globally in mere seven years, Microsoft founder Bill Gates has dubbed the government’s demonetisation measure as a “bold move” that will help in deflating the Indian shadow economy.

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“The Prime Minister’s bold move to demonetise high-denomination notes and replace these with new ones with high-security features is an important step to deflate India’s shadow economy,” Gates said while delivering the Niti (National Institution for Transforming India) Aayog lecture on ‘Transforming India’ here on Wednesday.

Lauding the Aadhar Card scheme and Pradhan Mantri Jan Dhan Yojna for helping the disadvantaged sections in India to connect to the banking system, Gates said: “India has all the pieces in place for a compelling vision for digital financial inclusion. Aadhar will convert a cumbersome, paper-based account opening process into a 30-second all- digital system.”

The Aadhaar Unique ID system will also create a centralised data repository, he added.

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Speaking of Artificial Intelligence (AI), Gates, who co-chairs the Bill and Melinda Gates Foundation, said automation, cloud services and AI are poised to eliminate manufacturing jobs.

Describing this as an opportunity for the Indian Information Technology sector, the Microsoft leader called for India to embrace these new technologies, despite the fears provoked by such rapid transformation.

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Aiming to work with the government on various issues including e-payments, digital health, digital literacy and e-agriculture in India, Gates held a meeting here with IT and Law Minister Ravi Shankar Prasad on Thursday. (IANS)

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Microsoft Co-Founder Paul Allen Will Be Remembered

Allen was also owner of the National Football League's Seattle Seahawks, and the Portland Trail Blazers professional basketball team.

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Paul Allen
Microsoft co-founder Paul Allen at a news conference (from archives). VOA

Microsoft co-founder Paul Allen, who visualized the indispensability of the personal computer more than 40 years ago, died Monday at 65.

Allen’s family said he died in Seattle of non-Hodgkin’s lymphoma, a form of cancer he had been battling off and on since 2009.

After persuading high school friend Bill Gates to drop out of Harvard in 1975, the two teamed up to develop a rudimentary software that hobbyists used to operate home-built computers.

Microsoft, paul allen
An advertisement is played on a set of large screens at the Microsoft office in Cambridge, Massachusetts, U.S, VOA

“I expect the personal computer to become the kind of thing that people carry with them, a companion that takes notes, does accounting, gives reminders, handles a thousand personal tasks,” Allen wrote in Personal Computing magazine in 1977.

Allen and Gates called their company Microsoft and spent the next several years developing the software that revolutionized the world.

Allen and Gates split in 1983, but Allen kept his share of Microsoft, making him a billionaire.

Gates issued a statement on Allen’s death late Monday.

Paul Allen
Paul Allen in 2003

“I am heartbroken by the passing of one of my oldest and dearest friends, Paul Allen,” he said.

According to Forbes magazine, Allen was worth nearly $22 billion at the time of his death, making him the world’s 44th wealthiest person.

Allen was also owner of the National Football League’s Seattle Seahawks, and the Portland Trail Blazers professional basketball team.

Also Read: Microsoft Cannot Recover Files Deleted By Windows 10 Update

He also used his wealth to refurbish a crumbling neighborhood of his native Seattle, turning it into a headquarters for Amazon. (VOA)