Bill Gates vs. Elon Musk: The Battle Over Global Aid

Bill Gates announced his intention to donate $200 billion through his charitable foundation by 2045, amid criticisms of Elon Musk for significant cuts to the U.S. foreign aid budget.

Gates emphasized the need for governmental assistance, noting the severe impact on global mortality rates if aid is reduced significantly. The decision came during the foundation's 25th anniversary, highlighting its plans to conclude operations after spending almost all of Gates' fortune.

Despite past agreements on philanthropy, Gates and Musk have clashed over aid priorities. Gates stresses the necessity for sustained aid to address urgent global health issues, underscoring the foundation's limited ability to compensate for governmental cutbacks.

(With inputs from agencies.)