Microsoft Corp. Chairman Bill Gates said he was optimistic that the United States can innovate its way out of recession, as there are still plenty of opportunities for technology innovations.

"Overall, I'm very optimistic," Gates on Wednesday told the Microsoft CEO Summit held in the software giant's headquarters in the U.S. state of Washington. A video clip of his remarks at the private gathering was released by Microsoft on Thursday. 

"The main reason is that the opportunities for innovation are stronger today than ever," Gates noted. 

He also outlined technologies that have the potential to lead the country out of the economic recession.

"The drug companies will get back into high productivity mode. The software, IT revolutions were just at the start of that," Gates said.

"What we can do for education, communication, and what that looks like for the efficiencies of world markets, we are just at the beginning of that," he added. 

(Source: Xinhua)