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Story summary
- Bill Gates, Microsoft co-founder and philanthropist, warned that many highly valued artificial intelligence companies may not sustain their worth in a hyper-competitive sector.
- Speaking at Abu Dhabi Finance Week, Gates warned inflated valuations could trigger a market correction.
- Microsoft announced a CAD 19 billion investment in Canada to enhance AI infrastructure, focusing on data security and public sector capabilities.
- Gates believes AI's true value lies in solving societal problems.
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