India, Nov. 8 -- Artificial intelligence is expected to create enormous wealth, but questions are emerging over who will benefit most from this growth. Microsoft co-founder Bill Gates believes governments will need to rethink how they tax the wealthiest people as AI transforms businesses and the job market.

In an interview for the Financial Times' Tech Tonic podcast, titled Bill Gates: AI bioweapons "could be worse than Covid", Gates argued that philanthropy alone cannot address the growing gap between rich and poor.

Gates said the responsibility for tackling inequality should rest primarily with governments, rather than relying on wealthy individuals to donate money voluntarily.

"The primary responsibility of dealing with inequality w...