Billionaire philanthropist Bill Gates knows a thing or two about technology. The entrepreneur is best known as the co-founder of , a company he reportedly started in his garage. Microsoft is now the world's second-most valuable company, with a market cap of $2.38 trillion. So, when Bill Gates talks about technology, investors tend to listen.

At the Goldman Sachs and SV Angel AI Forward 2023 event, Gates said the race is on to develop a top-tier digital assistant, or personal agent -- as he calls it -- powered by artificial intelligence (AI), and the technology could have dramatic implications for the future. In fact, if Gates is right, it could spell big trouble for the likes of Amazon (NASDAQ: AMZN), Shopify (NYSE: SHOP), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).

Given Gates' tech pedigree, should investors run out and sell their shares of these technology titans? Not so fast.

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Source Fool.com