Bill Gates: Five Years, that's all we've got

In another big Davos speech, Bill Gates proclaimed that the internet would revolutionize television in five years.

Reuters:

"I'm stunned how people aren't seeing that with TV, in five years from now, people will laugh at what we've had," Gates told business leaders and politicians at the World Economic Forum.

In the years ahead, more and more viewers will hanker after the flexibility offered by online video and abandon conventional broadcast television, with its fixed program slots and advertisements that interrupt shows, Gates said.

"Certain things like elections or the Olympics really point out how TV is terrible. You have to wait for the guy to talk about the thing you care about or you miss the event and want to go back and see it," he said.

"Internet presentation of these things is vastly superior."

"Because TV is moving into being delivered over the Internet -- and some of the big phone companies are building up the infrastructure for that -- you're going to have that experience all together," Gates said."