Former Google CEO predicts the internet will split in two — and one part will be led by China.
Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China.
If you look at China, and I was just there, the scale of the companies that are being built, the services being built, the wealth that is being created is phenomenal. Chinese Internet is a greater percentage of the GDP of China, which is a big number, than the same percentage of the US, which is also a big number.
The Belt and Road is a massive initiative by Beijing to increase China's political and economic influence by connecting and facilitating all kinds of trade, including digital trade, between China and countries in Europe, Africa, the Middle East and Asia. In recent weeks, hundreds of Google employees lobbied Pichai for more transparency and signed a letter saying that the reported plans raised"urgent moral and ethical issues."
A business development leader with Facebook, Ime Archebong, asked Schmidt if large tech companies are doing enough good in the world.
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