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EXPLAINED: Bill gates speeds up giving away fortune blasts musk | Rare Historical Photos

Bill Gates Melinda French Gates Elon Musk Microsoft United States Gates Foundation Public Health Artificial Intelligence USAid

Microsoft co-founder Bill Gates announced plans to significantly accelerate the Gates Foundation's spending, meaning the organization will shut down in 2045 (Credit: AFP)

Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally.

Under a new timetable, the Gates Foundation will spend more than $200 billion over the next 20 years, shutting down in 2045. The organization had originally planned to close 20 years after Gates' death.

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