Cronkite

Bulletin of October 11, 2026

4 minEconomy

Bill Gates Warns AI-Powered Cyberattacks Could Bring 'Negative Surprises' Within a Year

Microsoft co-founder Bill Gates says criminals are gaining access to powerful AI models without adequate safeguards, warning of a surge in cyberattacks targeting financial systems and businesses over the next year.

Microsoft co-founder Bill Gates warned that artificial intelligence could fuel a wave of cyberattacks over the next year, saying malicious actors are gaining access to increasingly powerful AI models without adequate safeguards. Gates said criminals could exploit the technology to disrupt financial systems, extort businesses and carry out increasingly sophisticated attacks.

«When you have bad people, no safeguards, and then the latest models, that's where, over the next year, primarily in the cyber area, we are going to have a lot of negative surprises,» Gates said during a «State of the Union» interview with CNN's Jake Tapper.

Gates described a clear financial motive behind the expected attacks, including extortion schemes and disruptions designed to manipulate financial markets or betting outcomes. «The front that we'll probably see most dramatically in the next year is cyberattacks, because there, there's a known business model where, you know, you threaten to do something and ask somebody to pay for that, or you create a disruption that changes something in the stock market or some betting thing that you go and do,» he said.

The warning arrives as cybersecurity researchers report a sharp increase in AI-enabled threats. According to CrowdStrike's 2026 Global Threat Report, attacks by AI-enabled adversaries increased 89 percent year over year in 2025, while the average time for cybercriminals to move laterally through compromised networks fell to 29 minutes.

Democratic strategist Oliver Libby told Fox News Digital that Gates' warning underscores the challenge facing policymakers as artificial intelligence advances and the United States seeks to maintain its technological competitiveness. «The great challenge both for innovators and governments in the coming months is to balance continued progress in AI with smart regulation. Leaders who can balance ensuring that America is not left behind, but that no American is left out, will win public trust,» Libby said.

Libby called for a coordinated regulatory approach that addresses security risks while preparing Americans for AI's broader economic consequences. «Regulation should focus on federal and international standards, platform responsibility, cyber and deepfake penalties, child safety, and ensuring the participation of the population in the economic benefits of this powerful technological revolution — while starting to prepare our society for what could be profound workforce disruption,» he said.

Tapper also pressed Gates on his earlier warning that artificial intelligence could make it easier for terrorists to develop deadly biological weapons, citing Gates' assessment that the risk of a bioterrorist attack could become 50 times greater than that of a natural pandemic. Tapper questioned how soon such an attack could occur and whether government leaders were doing enough to prevent it.

«Well, no, we're not doing enough,» Gates said. «The real danger right now is not the AI is getting out of control. We need to work on that, but that's years away in terms of the big impact that might have.»

Gates' comments place the near-term risk squarely in the cyber domain, where he said the business model for extortion and market manipulation is already established. The warning adds pressure on policymakers weighing how to regulate rapidly advancing AI tools without slowing the development of an industry central to U.S. economic and technological competitiveness.

4Views

Gavin Kendall

Author

Business Analyst

Gavin Kendall covers public affairs, politics, business, culture and daily news for Cronkite. The role focuses on verification, context, and clear explanations for readers.

Tail slate

Reporter
Gavin Kendall
Filed
Runs
4 min
Source
fox - Most Popular
Block
Economy

Next in the Economy block

  1. ——:—— Oct 10 CBO Director Warns Growth Alone Cannot Stabilize U.S. Debt 4 min
  2. ——:—— Oct 10 Truckers Warn Soaring Diesel Prices Could Force Small Operators Off the Road 4 min
  3. ——:—— Oct 9 European Gas Prices Retreat From Two-Week High as Trump Rules Out Pre-Midterm Strikes 3 min
  4. ——:—— Oct 7 Baby Boomers Are Choosing the Carolinas Over Florida for Retirement, U-Haul Data Shows 5 min