Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 10 December 2014 12:07 pm  |  Updated:  Friday 07 June 2019 7:22 pm

Google’s Eric Schmidt says artificial intelligence concerns are normal but misguided after Stephen Hawking and Elon Musk warnings

By: Lynsey Barber

Add as a preferred source on Google

Google boss Eric Schmidt is the latest to weigh in on the artificial intelligence debate after Stephen Hawking and Elon Musk both offered a dim view of intelligent machines in the future.

Schmidt is tabling a much more positive view of the rise of the machines. Nothing to do with Google’s massive investment in AI, as seen everywhere from its search engine to self-driving cars, we’re sure…

It’s normal to be worried, but that apprehension is misguided, Schmidt told an audience at the FT Innovate America conference.

What have robot’s ever done for us? Well, other than increasing everyone’s levels of procrastination by putting literally any information at our fingertips in Google search, AI will lead to an increase in wages. For many, that might be as good a reason as any to embrace the technology.

Schmidt told the conference: “These concerns are normal. They’re also to some degree misguided. Go back to the history of the loom. There was absolute dislocation, but I think all of us are better off with more mechanized ways of getting clothes made. There’s lots of evidence that when computers show up, wages go up. There’s lots of evidence that people who work with computers are paid more than people without,” Wired reports.

“The correct concern, is what we’re going to do to improve the education systems and incentive systems globally, in order to get people prepared for this new world, so they can maximize their income,” he adds.

Based on an example Schmidt gave of one of Google’s AI experiments, we can perhaps understand his lack of concern.

The company fed 11,000 hours of YouTube video into what is essentially a computer that can learn things without being programmed. And what did it learn? “It discovered the concept of ‘cat'. I'm not quite sure what to say about that, except that that’s where we are,” said Schmidt.

While that may be a disappointing outcome for Google, the AI machine was pretty much on the money with that lesson, considering the internet is made of cats. Maybe there is something to worry about after all?

Stephen Hawking could be right then when he says that success in creating artificial intelligence will be the biggest event in human history. Unfortunately, it might also be our last.

Watch him talk more about AI in this skit from Last Week Tonight with John Oliver at  2.24.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Artificial intelligence (AI) and robots
  • Elon Musk
  • Google
  • People

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Barclays and Lloyds join banking sector plan for digital ID

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

More from City PM

  • Elon Musk becomes world’s first trillionaire after SpaceX mega float

    Wealth
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • SpaceX lands record $75bn raise as Wall Street braces for mega debut

    Tech
    Tech billionaire Elon Musk has been asked to serve in Donald Trump’s cabinet. (Photo by Apu Gomes/Getty Images)
  • Space X bumps back to earth as analysts slash value 

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Will the SpaceX IPO send retail investors into orbit?

    Investing
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • SpaceX snaps up AI coding darling Cursor as valuation soars past Amazon

    Tech
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • Musk brands UK a ‘police state’ as Big Tech rebels against Starmer’s social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • SpaceX kicks off bond sale as it looks to begin mass borrowing spree

    Markets
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • ‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy