Eric Schmidt Predicts the Next 0 Billion Company

Alphabet’s executive chairman Eric Schmidt thinks he has figured out where the next $100 billion company will come from. Speaking at the Startup Grind Europe event in London Wednesday, Schmidt predicted the biggest market opportunity over the next five years will be for corporations who “use the crowd to learn something.” Schmidt claimed that he came close in 2011 to predicting the meteoric rise of ride-hailing app Uber, saying: “Five years ago, I said that the future would be apps that are on smartphones that use Google Maps, GPS, and do something useful. Now, what I should’ve said was Uber.” Try Newsweek for only $1.25 per week Looking ahead to the next five years, Schmidt said that the breakthrough model will come by combining powerful machine-learning computing with platforms like…

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