Google chairman Eric Schmidt recently announced why he believes the internet will disappear soon. He shared his thoughts on how it will all change at yesterday’s World Economic Forum in Switzerland.
Google CEO Eric Schmidt’s prediction for the internet future
His prediction is that the internet will become seamlessly integrated with everyday life, so people won’t really notice it. He elaborated, “There will be so many IP addresses…so many devices, sensors, things that you are wearing, things that you are interacting with that you won’t even sense it. It will be part of your presence all the time. Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room.”
At this year's SALT New York conference, Jean Hynes, the CEO of Wellington Management, took to the stage to discuss the role of active management in today's investment environment. Hynes succeeded Brendan Swords as the CEO of Wellington at the end of June after nearly 30 years at the firm. Wellington is one of the Read More
The internet will be highly personalized and more interactive, he believes. Schmidt’s prediction comes one day after a year since WEP announced the new Global Commission on Internet Governance.
Economy and growth
Sheryl Sandberg, Facebook’s COO, joined in on the discussion titled “The Future of the Digital Economy.” Sandberg said she is an optimist in regards to any growth of the global internet. Right now only 40% of the global population is on the internet.
Another topic of discussion during the event was jobs. Sandberg added, “Everyone’s worried about jobs. But tech creates jobs not only in the tech space but outside.”
Schmidt also talked about his most recent trip to North Korea, noting the sheer number of internet connections with data phones. He said the only problem is that there is no option for thegovernment to supervise the internet, which creates a huge problem for all.
According to the Google chairman, for every tech job created, five to seven jobs in a different part of the economy were created as well. The debate on whether technology destroys jobs has been around for hundreds of years. The only thing that is different is the speed of change.