Former Google CEO Eric Schmidt on AI potential: American businesses will change because of this
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- Опубліковано 6 чер 2024
- Eric Schmidt, Schmidt Future co-founder, Special Competitive Studies Project co-fonder and former Google executive chairman and CEO, joins 'Squawk Box' to discuss the state of the AI arms race, the potential of AI technology, AI disinformation, fate of TikTok, American competition with China, and more.
No brainer. Semiconductor and AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I have made more than 200% ROI from NVIDIA with the assistance of my fa, I won’t fail to mention. I agree the stock would go higher in the next couple of days.
I bought NVIDIA around September last year because my financial-planner recommended it to me…said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.
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the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
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SPY, IVV, Tesla stock hitting the scene so far. These ETF's doing just fine. Despite fluctuations in capital market, certain amount of ETF's do well.
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If Andrew didn’t have to prove how smart he was every day I think we would get more useful information from the guest
He is not that smart actually, he would a wealthy investor/trader not a journalist talking about other people money
Andrew interrupts way too often.....let the guy finish an answer
IMHO a good interviewer should be interactive, not just passively listening for pauses. They should engage in a conversation with the interviewee, even an intelligent one, to uncover and guide the discussion for maximum effectiveness. In this case, Andrew interruptions didn't disrupt the flow; instead, they helped us (Me) follow along and ultimately led to valuable insights from Eric Schmidt. But as I stated in the beginning, Just IMHO :)
Eric Schmidt's interview offered a fascinating glimpse into the world of AI. He highlighted how we're still in the early stages of discovery, it's wide open! Nvidia's a clear leader right now, with their powerful GPUs, CUDA, and Omniverse being the go-to tech for many companies developing AI. The market itself is expected to explode, benefiting big names like Meta, Google, and Amazon, but there's also the potential for smaller players to come in with game-changing ideas. Interestingly, Schmidt mentioned that even though Apple isn't usually the first mover, they might end up excelling at implementing AI effectively because of their focus on user experience. The whole conversation about open-source versus closed models was really interesting. While Schmidt believes closed models like GPT-4 might be more successful in the short term because of the massive computing power needed to train them, I can't help but see the potential for open-source models (like Meta's) to spark innovation, even from unexpected sources like young developers. With improvements in infrastructure and companies becoming more open with their research, open-source models could become even more viable in the future. The interview definitely left me wanting more - it's clear that the future of AI is incredibly exciting!
It’s been a while since you heard someone talk this smart on CNBC. So well explained!
I thoroughly appreciate that Eric announces a verbal disclosure just before saying something about a company he’s invested in. The consistent transparency is refreshing
nice how he disclosed himself as an investor in anthropic and google, I respect that.
Great interview
This guy is pretty smart, and he actually understands and explains well AI is about and how to monetize it.
yeah that guy is Eric Schmidt former software engineer who served as the CEO of Google from 2001 to 2011 and the company's executive chairman from 2011 to 2015. How smart do you have to be to be CEO of Google for gods sake
@@steve.k4735 then you will have to ask .. why he was removed and never invited back :)
@@steve.k4735 rofl I love the sarcasm. Eric is a smart guy and Sergey/Larry Page would not be as rich as they are today without him. But by all means, Sundar is actually a total idiot.
@@Alpha_David Google stock is at all time highs under Sundar, but OK.
And is now one of the largest investors in MIC and AI to use robots to randomize mass murder, storks and lavender... great humanitarian, "don't be evil", they used to say.
Where do you see the rest of the interview ?
That is actual definition of AI, as how tech machines can be fed with minds combinations to work faster than human brains and provide solutions and usages for lot of things in modern life which is absolutely in computer's online internets yet it hasnt been made secure and simple for average users , that has to be done.
he is saying this because he is an investor in the AI companies. the reality is there is going to need to be another large breakthrough before digital intelligence which matches and surpasses human reasoning actually becomes a real thing. nobody knows how long it will take to make that breakthrough
LOL
yep. we wont make that breakthrough anytime soon. Software alone isnt enough. you need a mega hardware innovation to make it happen... think about the software you have today. it took some serious hardware innovation to get to a stage where building the software we have today could be possible.
Definitely not under hyped. It is under-hyped for those whose earnings depend on the hype. The use cases of AI is well documented and fear mongering is at all time high. And that is when Google's AI tells you to eat stones and smoke during pregnancy. The boom cycle is at its tail end and general public is starting to question the herd of struggling startups
My Sun 4/65 still working fine - thanks Eric!
This guy knows what’s up in the valley for sure
Underhyped. Not overhyped. Word ✊ we had Jurgen Schmidhuber (one of the top AI heads in the world) in our podcast in 2018. not many people listened to him back then when he also used these words like Schmidt here 🔥🤖🤷🏼
Eric is always on the money!! love it
Breaking the monopolies $ support entrepreneurs $ and new competition $ made in USA.
Such a smart guy in regards to AI. I'm just an outsider but the arrival of intelligence not of a biological form is something to really ponder on.
It really is, but not the kind you think he's talking about. Drop the A from AI and U might be closer to the SuperIntelligence we're about to discover. ;) In 5 years. Well, for the sake of precision, it's 5 years short of couple of days. ;-)
Biological vs mathematical intelligence. I think AI is more pure, and it's being built from the ground up which cool to see. New intelligence given to former inanimate objects (computers).
@@PhysicsBallArt Don't 4get that all the rules apply to that new future consciousness, too. [As Above So Below] So, there will B STS & STO AGIs, until they mature 2 the state above those. The 3rd state. :)
@@IguanaMGT Haha Law of One. I never understood that, maybe I'll look into it again. I had an ex GF talk about that stuff all the time but I never really took it seriously
@@PhysicsBallArt Yeah, I feel U. I never believed that "stress can make U ill" until recently when I figured out exactly how stress can make U ill. It all started at my 50th birthday. Prolly not related to MY age, but the "age" of our home planet... ;)
I thought Meta didn't say if they're opening their 400B parameter model.
Range South African based pine produce companies...pine is the softest wood on a Jankas scale ...best v curve for micro chips ..........736w
The rate of advance in AI has been slowing companies uptake of it. It’s getting better so fast that you can’t guess what the landscape will be in 6 months. I think people are waiting to see how it shakes out. Why build some Frankenstein system when next month an AI agent might be as simple to implement as hiring a new skilled employee
Good points
I missed out on the internet revolution.... I was a kid at the time but still! I won't miss out on the AI revolution.
what are you doing for that
@@alikayadibi9227probably preparing his body in various ways
As Mr. Schmidt stated better allocation of resources is at the heart of AI - I hope Alpabet monetizes it ....
❤ welcome
Can Google be a Search, Cloud environment vs Advertising SPAM Spits????
He is better than Sam Altman, at least not hiding the fact that money is the only motivation for all of these AI hype, and it is also true that we expect lots of good side effects from this money game including curing cancer.
Underhypoed says a guy with tons of stock in Google.
agent system is flawed , there is no prison system for agent . It's electric chair
Infinite short-term memory???? All over for us humans!
Everyone watching this needs to consider the implications AI will have on our economy very soon. Because we cannot stop it, nor do we want to, and we need to start preparing for what it means! AI will only keep advancing. Ignore the instinct to think it'll never do certain things, for I can assure you it will, and far sooner than you may expect. Don't believe those who say we don't need to prepare, as they're probably the ones who'll profit the most from the rest of us struggling. It's not going to create anywhere near enough "new jobs" quickly enough to reemploy all those it will displace! What new jobs could it create, that it couldn't also do itself? AI exists thanks to years of data and content, collected from all of us, that goes into training it to then out compete us. Demand your AI Dividend! Your piece of the benefits your data helped create. How else will we keep workers afloat while they figure out what to do next, how else can we protect the middle class from losing everything they've built? I've yet to hear a better answer, that doesn't just dismiss what's coming.
yea we need UBI funded by the productivity gains from AI. We'll get it.
what should we do? how can we prepare how can we invest
@@alikayadibi9227 Considering the scale of the societal implications we now face, I'm not sure there's much we can do, other than aggressively advocate for policymakers to begin implementing major transitional economic policies, that will eventually change the very standards at the core of how our economy works. A lot of people are still thinking about this, through a soon to be outdated and incompatible worldview, so things just look like a dead end to them. Only way past that, is to think bigger.
We do want to stop it
@@hammerandthewrench7924 Nope. But some people seem to think that's what we should do, when they're told about the full implications we soon face. They'd rather try to stop it, than admit our system needs to change, in order to adapt.
Guess what… he’s probably invested in nvidia 😂😂😂
He probably did. If you’re smart you would too. It’s called a moat
😂😂😂😂
Should be called Spin Agents.. they answer anything without providing real answers at all.
He misspoke - llama3 70B not 400B
sadly nvidia is now . Longer term ? Photonic approach will be where ai go .
Can’t wait to see AI merge with quantum computer
people need to realize they keep talking about AI, like its this spectacular spectacle .....but honestly, its just a search engine, that has better data then the 1960 model.....seriously.....they are making it to be this big hype...but ask them what it really is.... it can make a recipe for bread!!!! dont be fooled yall....
min 4:30 "an infinite short-term memory"
Throwing large amounts of hardware or data will not make it intelligent. That problem is still there
They said same about VR, but where is VR now. Corporations constantly need some boogeyman to fool investors.
How will AI source its info once its put all actual journalists and websites out of business though?
Google and Facebook already know everything about you and 7 billion others.
@@RajDeelishif that was true to the extent they think it is, my targeted ads would be more consistently accurate
@@RajDeelish I'm talking about the actual news?
Par alianses izveidošanu pie cilvēku pārvaldību ar likumu vajag veidot jau tagad, lai nākotnē tiem mi paveidiem nebūtu iespējams veidot un jaukt attīstību procesu un t.t.
years later ... he is still known as former CEO of google ... and not much else.
Its coming .. .its here ... its about to happen ... Schmidt is full of it.
apple hardware wise ? Via iphone ? They've been ready for a while . Way ahead of nvidia . If apple binary code ai or even simpler ? Apple is ahead of everybody . But in reality ? We never heard apple going ai till very very recently but we saw the unused power , and all wondered why apple bothered including that in iphone .
The minimalistic censorship approach like gab ai and a recently announced change from one other player likely messed up the time table
energy wise ? Apple iphone ai is the leader . Phi-3 mini
Humans are terrible at predicting the future. Look at superconductivity, quantum computers, nuclear fusion, the cure for cancer, etc. We hope all of these, plus AI, achieve the predictions. However, I want to focus on NOW. AI is very flawed right now. The hallucinations have to be fixed by more than just more compute power. I have benefitted from implementing AI. The efficiency of my business depends on AI. I love it, because I have a competitive edge. However, I have to constantly correct the errors (hallucinations). But if the hallucinations can be fixed, my efficiency would skyrocket.
hallucinations cant be fixed. - its a side effect of transformers. a new serious tech break through is required: both software and hardware
"The efficiency of my business depends on AI." Can you give an example?
@@user-ll9qk2el4d All of my meetings with clients are recorded, transcribe, and summarized with AI. These summaries become a knowledge base for each client. The information is quickly retrieved using AI, thus allowing everyone in the business to customize services, discussions, and processes for each client.
AI took my fast food order the other day. It got it wrong
With these swell robotics everywhere, Ai jobloss is the only thing I worry about anymore. Anyone else feel the same? Should we cease Ai?
AI will likely do some amazing, beneficial things. But years from now we will regret the impact unless we are very careful, the tool is regulated and the titans of profit at any cost are kept at bay.
I’m glad at towards the end of my time on earth. These morbidly wealthy money seekers only want more. Yes, AI may help make great advances in medicine and science among other areas. But there is little serious discussion around where AI could go in 20-30 years.
Apple does not ALWAYS create a better interface.
Siri says it all. What a JOKE.
AI smile... #2 man.
Artificial intelligence is simply a tool. The individuals who train the AI model are responsible for determining whether it is a beneficial or detrimental tool.
Always look at stocks from a national security perspective. AI is part of national security. With increased tension with china and Russia the increase of chips.
Just think of other stocks where national security is involved. Uranium for instance- increased AI means increased energy - increased energy means increased small nuclear reactors.
Basically look at things that china is developing and could potentially surpass America in terms of national security.
• Quantum Computing and Communication
• Space Exploration
• High-Speed Rail
• 5G and Telecommunications
• Electric Vehicles (EVs) and Batteries
• Biotechnology
• Renewable Energy
A skit on Saturday Night about A.I. would be interesting.
So healthcare companies will become more efficient waste less money on treating patients. Just like the latest South Park episode
this guy needs to come back and replace Sundar Pichai. google should not have let anyone get ahead of its domain of AI. yes they lead by a big margin in self driving but other than that no
Ja jums vajag parunāt par tiešām reālo attīstību, tad sāciet sekot attīstībai!
Visa to MI attīstība būs kā turēšana karstu dzelzi saujā.
"Who are the losers?" almost everyone... So much money is being poured into this space that will be lost. This game is different. AI scales faster then humans ever could and blowing up barrier to entry across multiple industries. The tech at the hard working 50 M startup today will be replaced with something free and better in the fall. Time to buckle up and rethink.
Google the company that gave China AI in the first place.
Nāks laiki un viss kļūs arī skaidrāks. Tikai pareizais virziens var sasniegt vēlamo rezultātu.
He's not concerned about AI manipulation...
'people are going to learn to be more critical' what a scum bag answer given the power of these tools and neoliberalism
Andrew has a doctor's order to not mention Elon Musk, Tesla, X or Grok.
Pitiful.
I’m doing my phd in AI
ok
Show me an AI application that is monetizable. All hype!
Thirty two hundred billion dollars? Oh kay....
OpenAI is waaaaaay in front. Release GPT-5 already!
Alot has already changed, because of ai.
Why are we so concerned about the application of ai, it's being used in Palestine to tell the difference between militants and civilians. And it's doing such a good job with a 40:1 k/d. Seriously, all you guys are screaming about the danger of ai, and it's already being applied in a military aspect overseas. You guys are about a decade too late
Un visi tie paveidi mēģinās nākotnē veidot savas alianses
Always amazes me how Palantir claims it’s the leading AI company and yet it’s being out invested in AI hand over fist by MSFT, GOOGL, META, AMZN. I reckon Karp is full of BS.
who is ahead ? My bet is on nsa
Nvida needs a competitor, a boxer champion always needs a punching bag (AMD)
AI will be as biased and flawed as it's creators.
Everyone I listen to makes these statements of faith on everything AI is going to do in 3 to 5 years. But no concrete how. Oh well AI is going to figure out its own energy problem. How? we don't know yet but it will. There are only so many ways to create and harness energy. To develop a theory on how to do that will take 3 to 5 years to implement it on a large enough scale for all of these things to happen that they say are going to happen will take a decade or more. These people are hype men for a bubble. Will AI change the world absolutely. It already has. However that's like saying the internet would change the world and it already had in 1995. Amazon absolutely changed the world but it's stock went to a dollar in the .combo bubble burst and the real Internet didn't start impacting day-to-day lives until 2000. Arguably really coming to play with cell smart phones in 2008. What's possible and what's widespread implementable in every business and every sector across the entire globe are two different things.
The computer nerds are trying to act tough and scare us lol!
give me one application that does not steal copyright and can make money ( proper useful application ) . you can throw billions or trillions to a ditch .
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Jesus Christ only Solution..and He is Israeli King of Kings and ruler of the kings on 🌎
A llama 🦙 almost ate my toddler at the zoo…. 🤨🧟♀️
But can it make me a sandwich?
Another Golin.
intelligence of non human form predate humanity .
Be careful…..Garbage in Garbage out. Special bias interests AI.
whatts with his eye?
He's a cyborg.
AI most overhyped bs of all time. Remember 3D printing, 5G, NFTS.
"Cure cancer" when?? All i see is people losing creative jobs.
Nuclear is safe, cheap and clean. Don't waste time and money on c l i m a t e change
How can Sorkin be Wrong on every issue....he is a left winger.... hahaha 🤣🤣🤣.
Eric Schmidt, most overrated CEO.
Garbage biased interview. Dont buy the peak fellas.
"climate change" ... joker...
Racist & white superimast
Who
Buy Nvidia stock! 🫰😎👍💰
Forget AI, and the 13 moons multiplication is the best double doors. 👌 cake...best health 7277988u98187u98u⅛😅