Microsoft founder Bill Gates, who is believed to be worth around £86billion, told an audience at the Misk Global Forum that advancements in robotics and artificial intelligence (AI) will help improve efficiency in a range of industries.
Speaking at the forum in Riyadh, Saudi Arabia, Mr Gates said: "We are in a world of shortage, but these advances will help us take on all of the top problems.
"We need to solve these infectious diseases ... We need to help health care workers do their job."
The 62-year-old business magnate believes AI will transform the working environment in countries across the world and could eventually be used to help with social care and education.Related articles
GETTYBill Gates believes developments in robotic technologies will benefit mankind in the future
He continued: "As we free labour up from things like manufacturing, we can shift it to some of these very human-centric needs.”
But Mr Gates is at odds with world-leading theoretical physicist Stephen Hawking who last week warned AI could be "worst event in the history of our civilisation”.
Speaking at the Web Summit technology conference in Lisbon, Portugal, Mr Hawking reiterated his warning against the rise of powerful, conscious machines.