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Byline: Daniel Lyons

Silicon Valley is experiencing one of its periodic spasms of hype and zaniness over the Next Big Thing from Apple, in this case a new tablet computer that people hope will reshape the media industry, save newspapers, change television, and possibly cure baldness and help you lose weight. As always with Apple, people are going nuts.

But in the midst of this feeding frenzy, I had the chance to speak one-on-one with Microsoft cofounder Bill Gates, and the experience gave me some perspective. While Gates's old rival Steve Jobs continues to focus on creating cool new products, Gates has mostly left tech behind. He seems not to miss it one bit.