Google ex-boss predicts net split
He was sharing his thoughts at a private event in San Francisco on Wednesday night convened by investment firm Village Global VC.
San Francisco: Eric Schmidt, former Google CEO and executive chairman of its parent company, Alphabet has predicted that within the next decade there will be two distinct internets: one led by the US and the other by China.
He was sharing his thoughts at a private event in San Francisco on Wednesday night convened by investment firm Village Global VC.
The firm enlists tech luminaries including Schmidt, Jeff Bezos, Bill Gates and Diane Green as limited partners, then invests their money into early-stage tech ventures.
When asked by economist Tyler Cowen about the chances that the internet will get fragmented over the years, Mr Schmidt replied: “I think the most likely scenario now is not a splintering, but rather a bifurcation into a Chinese-led internet and a non-Chinese internet led by America.
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.
If you think of China as like ‘Oh yeah, they’re good with the Internet,’ you’re missing the point. Globalisation means that they get to play too. I think you’re going to see fantastic leadership in products and services from China. There’s a real danger that along with those products and services comes a different leadership regime from government, with censorship, controls, etc.
Look at the way BRI works their Belt and Road Initiative, which involves 60-ish countries it’s perfectly possible those countries will begin to take on the infrastructure that China has with some loss of freedom.”
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.
The predictions come at a time when his successor at Google, CEO Sundar Pichai, has stirred up controversy around the company’s strategy in China.