Monday, January 27, 2003
Microsoft founder and Chairman Bill Gates said on Sunday he did not expect a big technology spending by corporations anytime soon.
"This economy is fairly flat, technology spending, there's no big up-tick," Gates told reporters at the sidelines of the World Economic Forum's annual meeting in Davos.
"I'm optimistic about scientific advance and technology, and if you take that over a long period I think we'll see good economies. But in the next two or three years, I neither see anything notable, nor do I consider myself someone who could make predictions," he added.
Gates spoke after announcing a $200 million fund to boost research into basic global health issues.
The grant from his Bill & Melinda Gates Foundation will be used to set up a "Grand Challenges in Global Health" initiative, which will dole out money in grants of up to $20 million each to scientists around the world.
"Two hundred million is nothing to sneeze at, and if it goes well, we'll put more in," added Gates.
By: DocMemory
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