Former Google CEO Eric Schmidt on AI potential: American businesses will change because of this

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.

[@NicolaPellegrini546]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[@HarryMurphy47]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@CatherineBates-bg4fc]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.

[@AlejandraIgnacio-vv8tx]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@CatherineBates-bg4fc]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@FrankBoston-lw5nk]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing

[@brianwhitehawker1756]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@BerryRyan-gl3sm]

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.

[@yeslahykcim]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@Jadechurch-ql3do]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@yeslahykcim]

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.

[@lucaswilliams9992]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@jacobwalter6728]

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.

[@jacobwalter6728]

I do the much I can myself, can I work with your mentor?

[@chloepeters6584]

Yeah, she is Danielle Lee Hamberger, look her up.

[@user-pi6mk8lb2m]

My wife met her last year, anyone who invests with her doesn't have fear because of her years of experience. Someone I must recommend.

[@jacobwalter6728]

Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

[@moshebmoshe]

If Andrew didn’t have to prove how smart he was every day I think we would get more useful information from the guest

[@atmavictu2995]

He is not that smart actually, he would a wealthy investor/trader not a journalist talking about other people money

[@MITsolar]

Andrew interrupts way too often.....let the guy finish an answer

[@taniasingh6367]

Eric is always on the money!! love it

[@livetolearn2022]

It’s been a while since you heard someone talk this smart on CNBC. So well explained!

[@super_hero2]

This guy is pretty smart, and he actually understands and explains well AI is about and how to monetize it.

[@steve.k4735]

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

[@titusp9488]

@@steve.k4735 then you will have to ask .. why he was removed and never invited back :)

[@Alpha_David]

@@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.

[@RajDeelish]

@@Alpha_David Google stock is at all time highs under Sundar, but OK.

[@keyser021]

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.

[@xxxs8309]

Great interview

[@lindavid1975]

My Sun 4/65 still working fine - thanks Eric!

[@matteobagnato4541]

Where do you see the rest of the interview ?

[@user-gd4wt6oi7y]

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.

[@playdoughfunrs]

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

[@RajDeelish]

LOL

[@user-kg1od9es5d]

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.

[@jooky87]

This guy knows what’s up in the valley for sure

[@HelenSurina-mv8ot]

❤ welcome

[@LeeWoods]

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.

[@IguanaMGT]

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. ;-)

[@PhysicsBallArt]

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).

[@IguanaMGT]

@@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. :)

[@PhysicsBallArt]

@@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

[@IguanaMGT]

@@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... ;)

[@Harrop58]

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.

[@SallyW414]

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.

[@JohnMatthew-hq3xs]

That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through semiconductor stocks under coach by alternative investing. The portfolio comes with perks as well in terms of travel and liquidity.

[@LagerthaJackson]

One of my goals is to employ the service of a coach this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?

[@JohnMatthew-hq3xs]

I take guidance from Vivian Jean Wilhelm to meet my growth goals and avoid mistakes, She's well-qualified and her page can be easily found on the net.

[@JohnMatthew-hq3xs]

Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@draganostojic6297]

Good points

[@christophmagnussen]

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 🔥🤖🤷🏼

[@NikoKun]

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.

[@michaelsimpson9175]

yea we need UBI funded by the productivity gains from AI. We'll get it.

[@alikayadibi9227]

what should we do? how can we prepare how can we invest

[@NikoKun]

​@@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.

[@hammerandthewrench7924]

We do want to stop it

[@NikoKun]

@@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.

[@eddy9027]

As Mr. Schmidt stated better allocation of resources is at the heart of AI - I hope Alpabet monetizes it ....

[@ExecutiveZombie]

Can Google be a Search, Cloud environment vs Advertising SPAM Spits????

[@rexmundi8154]

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

[@hirokeo]

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.

[@alikayadibi9227]

what are you doing for that

[@CATDHD]

​@@alikayadibi9227probably preparing his body in various ways

[@davidhubbardmd]

min 4:30 "an infinite short-term memory"

[@bfaz07]

Should be called Spin Agents.. they answer anything without providing real answers at all.

[@mannydavidcastillo1109]

Guess what… he’s probably invested in nvidia 😂😂😂

[@doug6723]

He probably did. If you’re smart you would too. It’s called a moat

[@mannydavidcastillo1109]

😂😂😂😂

[@user-zc6dn9ms2l]

agent system is flawed , there is no prison system for agent . It's electric chair

[@wonseoklee80]

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.

[@anzatzi]

Show me an AI application that is monetizable. All hype!

[@collinsanyanvoh7988]

Can’t wait to see AI merge with quantum computer

[@user-zc6dn9ms2l]

sadly nvidia is now . Longer term ? Photonic approach will be where ai go .

[@KaseyMoore]

How will AI source its info once its put all actual journalists and websites out of business though?

[@RajDeelish]

Google and Facebook already know everything about you and 7 billion others.

[@joegibbskins]

@@RajDeelishif that was true to the extent they think it is, my targeted ads would be more consistently accurate

[@KaseyMoore]

@@RajDeelish I'm talking about the actual news?

[@user-zc6dn9ms2l]

energy wise ? Apple iphone ai is the leader . Phi-3 mini

[@user-zc6dn9ms2l]

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 .

[@AnkurPatel-su8ye]

He misspoke - llama3 70B not 400B

[@yooujiin]

I’m doing my phd in AI

[@ArminsBralitis]

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.

[@chkee17]

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.

[@utubeisfake]

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....

[@itzhexen0]

Google the company that gave China AI in the first place.

[@sivakrishnat5471]

They said same about VR, but where is VR now. Corporations constantly need some boogeyman to fool investors.

[@user-zc6dn9ms2l]

The minimalistic censorship approach like gab ai and a recently announced change from one other player likely messed up the time table

[@rollingthunderinho]

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

[@ArminsBralitis]

Ja jums vajag parunāt par tiešām reālo attīstību, tad sāciet sekot attīstībai!

[@ArminsBralitis]

Visa to MI attīstība būs kā turēšana karstu dzelzi saujā.

[@ArminsBralitis]

Nāks laiki un viss kļūs arī skaidrāks. Tikai pareizais virziens var sasniegt vēlamo rezultātu.

[@LukasPetry]

He's not concerned about AI manipulation...

[@TheEnronExec]

Thirty two hundred billion dollars? Oh kay....

[@ArminsBralitis]

Un visi tie paveidi mēģinās nākotnē veidot savas alianses

[@BrianMosleyUK]

OpenAI is waaaaaay in front. Release GPT-5 already!

[@micmousebg]

Andrew has a doctor's order to not mention Elon Musk, Tesla, X or Grok. Pitiful.

[@user-zc6dn9ms2l]

who is ahead ? My bet is on nsa

[@haroldpierre1726]

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.

[@user-kg1od9es5d]

hallucinations cant be fixed. - its a side effect of transformers. a new serious tech break through is required: both software and hardware

[@user-ll9qk2el4d]

"The efficiency of my business depends on AI." Can you give an example?

[@haroldpierre1726]

@@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.

[@jonathanlaue3460]

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.

[@NickDrinksWater]

Alot has already changed, because of ai.

[@andyprem]

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 .

[@JawadAli-ww3xf]

A skit on Saturday Night about A.I. would be interesting.

[@titusp9488]

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.

[@RichardKing-sx6xc]

Another Golin.

[@user-zc6dn9ms2l]

intelligence of non human form predate humanity .

[@billmoyer3254]

AI will be as biased and flawed as it's creators.

[@TrasThienTien]

[@purplenaturellc733]

Be careful…..Garbage in Garbage out. Special bias interests AI.

[@RidgeWalker-jw1rr]

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

[@alessandroperigo6731]

kkkk😸😸😸😸😸😸😸😸😸😸😸😸😸😸

[@d4rkside84]

whatts with his eye?

[@user-ll9qk2el4d]

He's a cyborg.

[@thegiggler2]

But can it make me a sandwich?

[@ExecutiveZombie]

A llama 🦙 almost ate my toddler at the zoo…. 🤨🧟‍♀️

[@Hi_Chew]

Nvida needs a competitor, a boxer champion always needs a punching bag (AMD)

[@justwanderin847]

Nuclear is safe, cheap and clean. Don't waste time and money on c l i m a t e change

[@treewx]

Eric Schmidt, most overrated CEO.

[@darrenhere5856]

"climate change" ... joker...

[@ChupraCumbra]

How can Sorkin be Wrong on every issue....he is a left winger.... hahaha 🤣🤣🤣.

[@nemanjamilosevic1370]

"Cure cancer" when?? All i see is people losing creative jobs.

[@ashpyakurel2033]

Garbage biased interview. Dont buy the peak fellas.

[@mariajiao4855]

Racist & white superimast

[@ProdigalExplorer]

Who

[@DJaquithFL]

Buy Nvidia stock! 🫰😎👍💰