The billionaire and co-founder of Microsoft has expressed concerns over the rapid growth of AI taking human jobs while urging governments to impose restrictions. The philanthropist stressed that certain areas of the labour market should be marked as "human reserved" either to protect workers from losing their jobs or because humans are more effective at certain tasks. Bill Gates expressed the ideas in a recent piece and alerted the politicians that they are not equipped enough to tackle the coming socio-economic fallout from the technology. The choices we make now are critical.

"Even under the best circumstances, the transition to this new AI era will be one of the most turbulent times in human history," wrote the Microsoft co-founder. "Unfortunately... I don't see evidence that leaders, experts and communities are confronting the challenges adequately," said Bill Gates, sounding the alarm. While foreseeing a flood of unemployment caused by artificial intelligence, Gates said he planned to lobby for action with a message that sounds like a need of the hour.

"You have a chance to act now, before unemployment rises sharply, communities are hurting, and public trust has eroded. You can make sure that your government handles the problem holistically, rather than divvying it up into multiple bureaucratic fiefdoms. You can make sure AI benefits everyone. And you can work with other governments to meet this national and global challenge," he added in his policy note.

Bill Gates, whose net worth exceeds 100 billion dollars, has continuously raised concerns about the risks of AI and urged global leaders to take preemptive measures. Analysts note that as automation accelerates across multiple sectors, the debate surrounding corporate taxation for robot deployment and regulatory boundaries for machine learning models will likely intensify globally.