Microsoft founder Bill Gates is stepping down from his full-time role at Microsoft to spend more time on the Bill & Melinda Gates Foundation. Microsoft announced the two year transition plan for Gates shortly after the close of U.S. financial markets. Ray Ozzie will assume Bill Gates' job title of Chief Software Architect after recently completing his team's integration of Groove Networks into Office 2007.

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Bill Gates is stepping down from Microsoft and will no longer play a day-to-day role in creating the latest smart watches or new digitized handwriting techniques. Instead Gates will be working on fighting worldwide issues such as malaria.