ERIC SCHMIDT

(Eric Emerson Schmidt)


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He was referring to the institutions in the particular fields. An established institution in education like a university might develop an innovation in astronomy or language translation, but not likely develop significant innovations in education. An established computer programming company might innovate the method of warehousing and shipping merchandise, but they are not likely to develop an innovative way of computer programming. That is typically done by a programming non-established firm or individual. There are a number of exceptions and this is not put forth as a general principle, but as a statistical observation. Established institutions are working harder and smarter to find ways of innovating regularly, and may succeed more frequently than the present.


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Eric Schmidt
Eric Schmidt
  • Born: April 27, 1955
  • Nationality: American
  • Profession: Businessman

Eric Emerson Schmidt is an American technology businessman and software engineer. He is known for being the CEO of Google from 2001 to 2011, executive chairman of Google from 2011 to 2015, executive chairman of Alphabet Inc. from 2015 to 2017, and Technical Advisor at Alphabet from 2017 to 2020. He is Chair of the Special Competitive Studies Project. He is a co-author, with Henry Kissinger and Daniel Huttenlocher, of The Age of AI: And Our Human Future.