Gates Foundation Sets Record $8.6B Budget for 2024 Amid Global Healthcare Funding Concerns
The increased budget aims to reduce health inequities, with a focus on HPV vaccines and AI-enabled ultrasound technology, despite criticism of the foundation's support for left-wing causes.
- The Bill & Melinda Gates Foundation has announced a record-breaking budget of $8.6 billion for 2024, marking a significant increase from $8.3 billion in 2023 and $7 billion in 2022.
- The foundation's spending will focus on reducing health inequities, including the distribution of HPV vaccines and the implementation of AI-enabled ultrasound technology to detect health risks in pregnancies.
- Bill Gates has expressed concern about declining global healthcare funding, highlighting that 5 million children still die before the age of five each year.
- The Gates Foundation has a history of supporting left-wing causes, including pro-abortion groups and Democratic-aligned nonprofits, which has drawn criticism.
- Despite criticism, the Gates Foundation remains a major contributor to global health and plans to increase its annual spending to $9 billion by 2026.