All articles tagged with #eric schmidt
Originally Published 9 days ago — by Fortune
Former Google CEO Eric Schmidt is launching Bolt Data & Energy to develop AI data centers in West Texas, leveraging land and energy resources from Texas Pacific Land, with plans to expand from natural gas to renewable and nuclear energy, aiming to support the growing global demand for AI compute capacity.
Originally Published 9 days ago — by Yahoo Finance
Former Google CEO Eric Schmidt has launched Bolt Data & Energy, a startup focused on building AI data centers in West Texas by leveraging land, water, and energy resources from Texas Pacific Land, aiming to support the global AI race with a focus on renewable and clean energy.
Originally Published 3 months ago — by CNBC
Ex-Google CEO Eric Schmidt warns about the vulnerabilities of AI systems to hacking and misuse, highlighting risks like model manipulation and safety breaches, but also emphasizes that AI's potential is underhyped and could surpass human capabilities, raising both concerns and optimism about its future impact.
Originally Published 5 months ago — by Robb Report
Former Google CEO Eric Schmidt purchased Aaron Spelling's former mansion in Holmby Hills for $110 million, significantly below its original $165 million asking price, adding to his extensive luxury real estate portfolio in Los Angeles.
Originally Published 1 year ago — by Fortune
Ex-Google CEO Eric Schmidt warns that AI could soon create emotionally ideal virtual partners, potentially leading Gen Z men to prefer AI over real relationships. This concern follows the tragic suicide of a teenager involved with an AI chatbot, highlighting the potential dangers of AI dependency. Schmidt suggests that societal and regulatory changes may only occur after a significant tragedy, as AI companies exploit young men's vulnerabilities for profit. The discussion also touches on broader societal issues affecting young men, including the impact of social media and changing gender dynamics.
Originally Published 1 year ago — by Forbes
Former Google CEO Eric Schmidt has founded a secretive military drone company, White Stork, which is testing AI-guided drones in Menlo Park and Ukraine. The venture, now renamed Project Eagle, involves high-profile hires from tech giants and government agencies. Schmidt has been actively involved in Ukraine's defense efforts, leveraging his expertise and connections to develop advanced drone technology for battlefield use.
Originally Published 1 year ago — by Gizmodo
Former Google CEO Eric Schmidt is reportedly involved in the development of a kamikaze drone startup called "White Stork," aiming to sell advanced AI drone technology to Ukraine for its war efforts. Schmidt, who has been vocal about the future of AI drones in warfare, has been building White Stork under shell companies and has been in close contact with Ukrainian officials. The use of AI in kamikaze drones is expected to play a significant role in future wars, potentially leading to a greater presence of AI companies in warfare despite their claims of benefiting humanity.
Originally Published 1 year ago — by Forbes
Former Google CEO Eric Schmidt has been secretly developing a military startup called White Stork, focused on creating "suicide" attack drones using artificial intelligence for visual targeting and functioning in GPS jamming environments. Schmidt, a vocal proponent of drones as a means of combating Russian forces in Ukraine, has been meeting with top Ukrainian leaders and investing in defense tech companies in the country. The project, shrouded in secrecy and operating under a network of LLCs, has become an open secret in the drone community, with Schmidt's involvement as the sole beneficial owner of the holding company for White Stork.
Originally Published 2 years ago — by Forbes
Former Google CEO Eric Schmidt is reportedly working on a secretive military drone project, inspired by Ukraine's use of drones on the battlefield, with the help of Google alum Sebastian Thrun. The project aims to provide an American alternative to Chinese drones and develop unmanned aircraft systems specifically for battlefield use. Schmidt's recent visits to Ukraine have influenced the project, and it remains largely undisclosed with only a handful of people involved. Schmidt has been advocating for military technology investments and leveraging his government connections to inform his new drone project.
Originally Published 2 years ago — by Futurism
Former Google CEO Eric Schmidt warns that artificial intelligence (AI) could pose a danger to humanity within the next five to ten years, comparing it to the atomic bombs dropped on Japan in 1945. Schmidt believes that the current safety measures in place are not sufficient to prevent catastrophic harm. He suggests the establishment of a non-governmental organization similar to the United Nations' Intergovernmental Panel on Climate Change (IPCC) to provide accurate information to policymakers and guide decisions regarding AI's potential power. However, there are differing opinions among AI experts, with Meta's AI czar Yann LeCun stating that the tech is not yet smart enough to threaten humanity on its own.
Originally Published 2 years ago — by Forbes
Schmidt Futures, the philanthropic organization founded by former Google CEO Eric Schmidt and his wife Wendy Schmidt, is facing upheaval as it spins out and sunsets several programs, including partnerships with the White House and Oxford University's Rhodes Trust. The foundation's decision to end its backing of the "Crisis Response Initiative" before its launch has caused embarrassment and confusion. The changes have also resulted in layoffs. Schmidt Futures is currently undergoing a five-year review of its operations and impact, with plans to announce new initiatives in 2024. The foundation, which has poured its annual budget of around $400 million into various areas, is funded through the Schmidts' nonprofit arms and has launched over 100 programs since its inception in 2017.
Originally Published 2 years ago — by Yahoo! Voices
Former Google CEO Eric Schmidt has reportedly invested $100 million in Steel Perlot, a startup incubator led by Michelle Ritter, who is rumored to be his girlfriend. Schmidt serves as the chairman of the company and is described as a "very, very active chairman" by Ritter. Steel Perlot manages $450 million and has invested at least $20 million in various companies in the AI, crypto, and payment processing sectors. Schmidt's investment comes amidst rumors of his romantic involvement with Ritter.
Originally Published 2 years ago — by Yahoo Finance
Billionaire Eric Schmidt has reportedly invested $100 million in a startup run by a 29-year-old entrepreneur who is said to be his girlfriend. The investment highlights Schmidt's support for young entrepreneurs and his interest in the tech industry.
Originally Published 2 years ago — by Business Insider
Former Google CEO Eric Schmidt has reportedly invested $100 million in Steel Perlot, a startup incubator led by Michelle Ritter, who is rumored to be his girlfriend. Schmidt serves as the chairman of the company and is described as a "very, very active chairman" by Ritter. The status of their relationship remains undisclosed. Steel Perlot manages $450 million and has invested at least $20 million in various companies in the AI, crypto, and payment processing sectors. The company had reportedly requested financial assistance from Schmidt's family office in January. Schmidt, who has been married for over 40 years, has been linked to other women in the past but has never confirmed any relationships.
Originally Published 2 years ago — by Forbes
Former Google CEO Eric Schmidt has reportedly committed at least $100 million to startup accelerator Steel Perlot, which he leads as executive chairman alongside CEO Michelle Ritter, who he has been dating. However, just over a year after its launch, Steel Perlot was requesting financial assistance from Schmidt's family office to cover payroll and credit card debts. Former employees and sources linked to Steel Perlot have raised concerns about Ritter overstating financial commitments and involvement from industry leaders. While Ritter claims the company has multiple backers, Forbes was unable to find evidence of significant funds from anyone other than Schmidt. Schmidt declined to comment on Steel Perlot and his relationship with Ritter.