>> What a special moment for DLD. >> SCHMIDT: Really. Stef, is it?
>> Since many years we worked on you. >> Yes, yes. Thank you.
>> Now, we succeeded. Last time in Abu Dhabi, wasn't it?
>> SCHMIDT: Yes. Yes, of course. >> And you said you'd come.
>> SCHMIDT: Yes, I did. >> It's a man of reality.
>> Okay. Thank you. >> No, I think it's great. When the news was
out that you would come, you know, that was really so big. It went through the DLD community.
>> SCHMIDT: I haven't actually done anything yet. Okay. Good.
>> I think we'll just give you the floor now. >> SCHMIDT: Okay. Thank you.
>> Listen to you. >> SCHMIDT: And I think we'll have questions...
>> What you have to tell then you said you would be open to--for questions after your
talk. That's great. >> SCHMIDT: Why, thank you. Thank you--thank
you guys so much. Thank you very much. I want to take a moment to praise Dr. Berta. And
I think your whole family I've now met for what you have accomplished with this event
and what you have accomplished in Europe and in technology in general. I don't know of
a more--a better done invitation-only event that draws the mixture of talent and IQ from
around the globe as the one you have founded. So my congratulations to you. Okay. And your
wife and family. Good. Thank you. Thank you. I hope you do this for many, many, many years
to come. The--I have a lot of things I wanted to talk about. I wanted to start by making--I
have a real talk to talk about--but I wanted to make an important announcement about Google.
You know, we had a very, very good year and a very strong quarter, and so forth. We looked
in this year and in particular, in our prospects for growth in Europe, and our businesses globally
are doing well. Both our core businesses as well as our adjacent businesses, our hockey
stick businesses as we call them, it's all very, very good. And as a result, we've decided
to make some pretty significant investments and I'm very happy to announce that we're
going to add more than a thousand employees in Europe this year. We are going to invest
in Europe. To give you an example, we're going to invest hundreds of people in Germany and
we have a very large Munich engineering center which is incredible technology which we're
also going to be expanding. So it's a nice, nice--it's a good--it's a good reason to be
in Germany, it's a good reason to be here. I think all of you understand the German miracle
and the sort of tremendous success of the country and what they have been able to accomplish.
And we're going to continue to invest for all of those good reasons. What I really would
like to do is to talk about the next--the next decade and how technology and the world
we live in will change. And I'm very, personally, excited about my next decade at Google. I
think it's even going to be better than the last decade at Google. So, from my prospective,
this is a pretty good plan, right? And this is what I want to work on and I have a feeling
that all of us are going to be working on this together. And what's interesting about
this new model is everything is changing again. And I've absolutely become convinced that
we're getting to the point where technology is finally going to actually serve us. In
my whole career, I felt like I was serving the technology. It was always me who had to
fix the computer, right? Everybody here can relate to that. And I think finally now we're
going to get to the point where the technology does what we want and that's what I want to
talk about. And so let me suggest a happiness theorem that computers will finally make it
possible for us to do the things we actually want to do, right? So to be with other people,
right? People you love, people you care about, people you enjoy. To find happiness in general
and to make the world a better place. There are lots of examples of this. There's a company
called Ushahidi which is crowdsourcing information around the globe. They start--in fact, they're
here. Raise your hand. Yes. The--And what's interesting about them is they started off
in Kenya basically around disasters. But the principle--the underlying architecture of
using crowdsourced information is incredibly powerful because people know what's going
on in their environment. And we can finally collect that information and use it to figure
out what's really going as opposed to what people think is going on. There are lots and
lots of examples; Haiti, Russia, clean-ups in New York and Boston, the Snow, and so forth
and so on. Another example has to do with the use of telemetry in medicine. There are
projects now to take, essentially real time monitoring as you would know it, and put it
on mobile phones. It's obviously better to have your phone monitor your vital signs if
you're an ill person or even if you're person worried about some medical thing, than anything
else because your phone is always on and always with you, right? It makes perfect sense. This
is a material change. It has a huge impact on the cost structure of medicine, quality
of care, all those kinds of things. You know, and you could it with all sorts of ways; you
could do it with wireless sensors, you could do it with touch sensors, and so forth. All
of those things are in development. It's interesting that another--a developer for Android developed--a
single developer developed glasses for Android where you basically put them on and it translates
what you see in the Android camera into the way that people who are color-blind see color.
So literally, looking through the camera, they can see color that they could not before.
I didn't even think this was possible. There are so many examples when you take computing
and you take the perspective that it's supposed to serve us. Now this is accelerating and
it seems like it's accelerating faster and faster and faster and faster fundamentally
because technology underneath is accelerating because of all sorts of interesting network
effects and they are sort of three that I wanted to talk about. In the area of mobile,
the smartphone is more than the iconic device of our time. The smartphone is the device
of our time. And smartphones in all forms including--and I'm including tablets here
in one way or the other, there are all sorts of examples of this. You know, everybody has
a simple example. If you have a child, your child is asleep or online. There are only
two states of children now, right? Right? I don't think--and in fact if they wake up
in the middle of the night, what do they do? They're online. You check. Trust me, it's
true. They're doing whatever children do online at their appropriate ages but you get the
idea. And it's interesting that in two years, smartphone sales will surpass PC sales. The
growth rates are faster. It's a larger market, all of that kind of stuff. And what's interesting
is that we've been tracking the mobile Web and the mobile Web is growing eight times
faster than the equivalent PC desktop Web at the same point in its history. So not only
is it growing fast, it's growing faster, and it's coming at us faster. At Google, we see
this in our own data, you see it in the sense of excitement and mobility and activity and
startups and all the people who came here at the conference. And one of the things that
has its implication is that most people will now find--the majority of humans will get
themselves online with a mobile device, not with a PC. And this is beginning to be true.
Just as it was true 10 years ago, that you could see that the average person would not
have a landline, they would just have a mobile phone to talk. For the same principle, they're
now not going to have PCs, they're going to have mobile devices of one kind or another,
that are tethered to that information using them for all the obvious reasons. And if--and
if you think that, you know, you think you like your mobile phone, imagine a person who's
never had a computer at all and they get a modern smartphone connected to an overloaded
local area network. Think about what that does to their ability to--the change, just
the binary change of information from the local context of a--you know, their village
to literally all of the world's information. So this mobile revolution which I call Mobile
First, right, the simple guideline is whatever you're doing, do mobile first. And what I've
noticed is that the top developers, the smartest young--typically youngster--typical young
firms, they're doing mobile things first. They start with the presumption of connectivity,
location, and locality and interaction in a way that my generation never foresee--never
foresaw. And it terms of pervasive connectivity, another trend I want to highlight, the mobile
computing is going hand in hand with this amazing amount of data network that we have.
And what's interesting, I would argue that devices that are not connected to the internet
are not interesting anymore. All right, so you have one of these sort of stored music
players, not very interesting. Take the same stored--same stored music player, connect
it to a WiFi network to a music server of one kind or another and all of a sudden, it's
incredibly interesting. So take every single device you know that has some form of a CPU
in it and start thinking, "I want it connected to my WiFi network," and that's one way to
think about the next few years. And the networks, by the way, the telcos who are spending, you
know, gobs and gobs of capital are now fundamentally deploying a next generation of network called
LTE, for Long Term Evolution. To rate it at 50 megaberts--megabits, the measured performance
is between 8 and 10 megabits and I think that's a realistic expectation. For those of you
that are working on 3G networks, you'll typically get about a megabit. In Europe, you'll get
two, in the U.S. you get one because the U.S. is always half of Europe, but you get the
idea. It's on the order of an order of magnitude improvement and the LTE standard, again, developed
here and in Sweden, the combination of two will roll through the rest of the world over
the next year or two. And amazingly, the United States is also going to be getting this. So
for me, I remember thinking, "If I could just have a pervasive one megabit, I would be happy."
All right, I remember spending years thinking, "All I want is one megabit everywhere I go,"
and the reason is because I wanted to be able to do my email with some speed and handle
all those attachments people send me. Make--it makes sense. Well now, I want my 10 megabits.
What can I do with my 10 megabits? Interactive video. Reasonably compressed, reasonably real-time
interactive video. And there are technologies being developed which will allow, for example,
automatic transcoding and all the other things that are necessary to make that kind of videos
seamless, and so forth and so on. It's all happening in the next year. What's interesting
by the way, is Germany, since we're here in Germany, is really the leader in LTE deployment
here in--here in Europe. And it will be the first European country to have LTE on the
800 megahertz spectrum which is indeed one of the, sort of, core spectrum that everybody
uses. And one of the interesting estimates is that there's about 35 billion devices now
connected to the Internet, no one really knows, because if every device gets connected to
the Internet, we'll stop counting which is where we're going. The third component I wanted
to talk about had to do with cloud computing. Now I talked about the mobile devices and
everybody talks about their mobile devices, but they're--what--they never give credit
to the backend of the infrastructure guys, to the servers that are doing all of that.
But it goes hand and hand, a typical example. So we've just launched a voice translation
product that allows you to go--to speak in your phone, in your language, and it comes
out of somebody else's phone in another language. Oh, my God. Does this actually work? So we
test it with our--with our employees who speak multiple language and it seems to work. And,
you know, it's the old thing of when you see something which is magic and of course, you
know, it really isn't magic, you have to say like, "How did this happen?" It really is
a "wow" moment. So how it actually works is when you talk to the phone, of course, there's
a--there's a computer inside the phone which digitizes your voice, and it doesn't do very
much. It just sends your voice to some servers. How many servers? Hmm, about 1,000, which
you didn't pay for which is a separate discussion. It sends it to 1,000 servers and what do they
do? They vote, right? They vote in a complex way and they say, "What do we think this thing
is? We think it's English. We think it's an English speaker. We think we understand the
structure of English," they turn it into text. Then they send it to another set of computers,
those computers say, "Ha, this is English text. We know how to translate from English
text to German text." And then they send it to another set of computers which take German
text and they get it ready to send it to the other fellow's phone. Now how long does that
take? Less than a blink of an eye, that's what's so amazing. And does it work on every
language? It will eventually work on 100 by 100 and it requires relatively little training.
And it's done using statistical machine translation, so it scales. And it works against any language
because of all the things that we know about language. To me, we've talked at years-- I
mean you think about words that have been started because people couldn't communicate.
Right? Now, finally, at least we have a shot at miscommunication through digital translation,
right? But at least people will be talking and trying to appreciate the differences in
their scenarios. Another example, here, in Munich, you take a picture of the--of the
famous church, your phone tells you the name of the church and where you are. How does
it do that? Well, it takes picture, digitizes the picture, sends it to a set of computers.
What do they do? They vote. Okay. "Is this a picture of an animal, mineral, or a vegetable,"
right? "Ah, looks like a building. Looks like a landmark," so forth and then they do a--sends
you an image map to pictures of things and they look--do a conformal mapping to what
the image is and then tell you what it is. It works remarkably well. It works really
well in a lot of things. So all of a sudden, it's not just the phone, but the phone in
all those supercomputers together on this pervasive network. And that's cloud computing
in the way that we will all experience it. So you could do other things. You know, you
can take your phone and you can virtually ski downhill from--in Vancouver on the Olympic
runs and it'll set that up for you, so you can have fun. You know, you're bored. You're
sitting at the airport, "I'll go skiing in Vancouver," you know, whatever. You get the
idea. If you want to look at historical imagery of Munich's in the post war reconstruction,
you can go from satellite photos all the way back from 1943 and watch the city get rebuilt
and expand and become the great city that it is today. So the point here is this is
not--this is not just one product. It's the mobile device, it's the network, it's the
platform, it's the software architectures. We can talk about if you're interested. How
you actually build all these software architectures and they're all real now. Now this is not
a new term. Bill Gates talked about it in 1990. He called the information at your fingertips.
His quote was, "Information at your fingertips, all of the information that someone might
be interested in including information, they can't even get today." We've been talking
about this stuff for decades. And finally now, the technology has caught up with the
marketing and division and so forth and so on, and that's what you're seeing. You're
seeing the sort of--sort of generational focus on making this real. So now, of course, we
can digitize everything. So, we, at Google, are busy digitizing Dead Sea Scrolls because
they're worried that some of them are going to literally go away because of that atmospherics.
And if you think about it, computers can give you digital senses that you did not even have;
hearing and speaking and even understanding. So all of a sudden, computers are not the
same as people, but they can really go back to that notion of making our lives or--think
of them as augmented humanity, making us better, making us better humans, making us where we
want to go. It's interesting. These locational Where Apps and everyday there's a surprise,
so the latest one is the location of Where App which when you are walking by, you know,
the street, it reminds you what errand you need based on the stores that are near you.
So, "Oh, there's a dry cleaner to the right," you should be taking your dry cleaner to this.
I mean, you know, one idea after another, something useful for everybody everyday. It's
interesting. This has a political component which is quite significant. A political activist
and blogger in Tunisia who had been arrested two years--two weeks ago happened to have
his phone on and he let people know where he was, which was by the way in prison, using
Google Latitude, obviously not something to joke about. So he was in custody inside the
government building. As the revolution occurred, he was freed. Today, he is a government minister
of that country. That's how fast this stuff changes, and imagine what that did for this
gentleman. There's a--we have a project that we just started in Sudan--going back to this
crowdsourcing notion of trying to sort of crowdsource satellite imagery where you publish
all the satellite images and you let--get people tell you what's really going on. So
something very, very serious, of course, is the--is the Sudan--Sudanese referendum. George
Clooney and a team have organized this project, and what they're trying to do is to monitor
the claims of the competing sides as to what's going on with the respective--amassing of
soldiers. And you might imagine that the claims that are being made by the various government
sides do not completely conform with reality as recorded on our satellite pictures, right.
Very, very interesting. Very, very powerful. Who knows what this will do, but transparency
helps a lot. So, to me, what this says is that there's a new possible definition for
Google coming back to what we do. So what drives us? A simple thing is we basically
want to give you your time back, all right. We want to basically just speed matters. We
want to make search faster. We want to make example after example. We did--I think, Google
Instant. So we just, literally, a few seconds shaved off of the searches that you do, we
figured out that it--two to five seconds was like, you know, 100,000 man years in the world
or something like this. So, again, small changes like that have huge implications towards the
people's time; now available, by the way, in 40 countries. We did something called Instant
Previews where when you mouse over, you'll see previews or all the pages. This requires
huge amounts of computation, by the way, which, again, fortunately, we have. And, again, that
saves you just that extra half second of trying to figure out what you care about. So where
does it go? Well, I think it becomes more personal. And, by the way, I need to say about
a 100 times more personal with your permission, all right. It's very, very important to understand
the boundary of anonymity and personal, and the right choice, of course, is to let you
decide where that boundary is. So an example would be, with your permission, right, integrating
personal context, personal emails, personal network of people, and all your relationships
to them, again, with your permission. So imagine--since they--since now I've given permission to Google,
permission knows who I am as I wander the streets of Munich, my phone is the perfect
walking companion. It knows where I've been, it knows what I care about, it suggests things,
I happen to like airplanes and so it says, "Did you know that there's a Hansa Jet here
at the local museum? You would like that." Talk about personal service, pretty interesting.
And it can also understand what I mean. When I say, "What's the weather like?" Am I saying,
"Should I wear a raincoat?" Or am I saying, "Do I need to water the plants?" So you can
go from syntax to Symantec, from words to meaning if you know more about the person
with their permission, with them signing into it. And so the sum of that is that search
continues to be very important, and in a mobile opportunity is just as large. The Android
platform which you all know about is selling more than 300,000 activations per day. That
number is growing very--is growing very quickly and the current number is quite a bit higher
than that and it's--the number, so you know, are 145 devices, 27 OEM partners, 169 carriers
in 96 countries, so it's very much a global phenomena. What's interesting is that the
device searches that we see have grown by a factor of 10 on Android in one year. It
shows you how powerful this model really is. Chrome, people know about the Chrome browser
and you may have used that, getting a lot of momentum, has more than a 120 million active
users up three times in the past year, again, growth rate faster than everybody else. And
the release is also six times faster than the one that we released two years ago. So,
again, you have a combination of speed and reach which we think is how these platforms
get--get things. And what's interesting about the browser--why am I talking about browser
in the context of this revolution? A deeper integration with the browser allows for more
autonomy. Historically, the browsers--the browsers that you all use are not full pledged
platforms that we would like them to be, but there have been technical breakthroughs in
the software architecture which allow you now to build extremely powerful dynamic applications
that are browser resident. The technical name for this is called HTML5 and there's a set
of libraries and so forth that are now being broader than the industry. So it's true for
all of the browser uses and all the browsers that adopt HTML5. A few more things about
how this plays out. I talked about technology and people, I haven't talked about money.
The other component of course of these is the large markets and large, in our case,
advertising markets that can be aggregated. It's interesting that YouTube, for example,
is taking 35 hours of video uploaded every minute. Think about it. You'll never watch
it. You'll never watch it all. It's hard for us to watch it all to make sure it's appropriate.
More than two billion views per day. But our business is also booming, right? We have something
more than 2 billion monetized views per week in YouTube. At the scale of YouTube, this
is a very large audience business. Our display business, another aspect of our business,
has more than two million publisher partners and is fast on its way to being a very, very
large business for Google. So my point is that you not only do you need to have a computer
architecture, a consumer architecture, and sort of a value that you're offering, but
you also need to have a monetization platform. So let me see if I can this into some context
for how this is going to play out. When you look at innovation and you look at innovation
historically, it's pretty clear that the Internet is probably the greatest disruptor of all
time. It's certainly in the league with some of the key inventions over the last hundred
years. You know, the Schumpeter quote is, "Capitalism inevitably leads to a perennial
gale of creative destruction," right? We all sort of understand this. And the interesting
thing about the internet is it--it has replaced the economics of scarcity with the economics
of abundance. Now the economics of scarcity have to do with the ability to have pricing
power, you hold things back, you restrict them, you have subscriptions, and so forth
and so on. The economics of abundance are that you're everywhere. You're everywhere
all the time and you count it one by one. Now why is this true? It's not some mad plot.
It has to do with the technology because that marginal class of distribution on the Internet
because of this--the compound investment that's been made is so low. And it's going through
industry after industry, after industry, and these are very hard problems. I don't want
to make it any easier. And imagine a situation, I'll give you an example, the Australians
who are very far away, away as a way to understand them, is--and they're a very large country,
have just announced a policy that 93% of the citizens of Australia within the next four
years will have fiber to their home and office. That fiber technically is capable of running
at least a gigabit per second. The 93% has to do with the 7% that are in very rural areas,
it's hard to reach them with fiber. But these--most countries including all the ones we live in,
are pretty city-centric and so you could do this at the cities. What does it mean to have
a gigabit per second connection? It means that every distinction that you think of in
terms of media distribution goes away. HD television, video conferencing, radio, DVRs,
whatever, all of those can be compressed into this single pipe. And it means that all of
those economic models have to be adjusted. They don't go away, it doesn't get to get
or become free or anything, I'm not suggesting that at all, but they have to change. They
are sold differently. They have different economics for the producers, different disintermediation
for various set of the players. And to me, I look this, and this is both exciting and
terrifying, all right? And it's exciting because of the scale. It is now possible to reach
a billion people worldwide literally everyday. And many industries operate where we're going
to have, you know, 100,000 viewers or a million viewers, in the Internet you say, "Well, I
want 50 million users or 100 million users." And in--at Google, people will come in and
say this, and I say, "Do you have any idea how many people that is?" I remember when
getting a 10,000 person audience we were like really excited, right? Shows you the scale
of the world, and one of the great things about being alive today is you can be a truly
global citizen and understand how pervasive humanity, how incredibly rich and interesting
all of us really are. But it's also terrifying because all of this has to do with information,
and information is the most powerful thing of all. And I don't know exactly how society
is going to sort out all the various conflicts that are obvious, and we all know what they
are, whether they are privacy or incumbency or regulatory or so forth, but I do know that
people care a lot about it and that this would the subject of a lot of discussion, a lot
of both political discussion as well as moral discussion, as to the society coming along.
Remember what I just said, if your children are awake, they are online, which means you
don't next exactly know what they're doing. I don't think society has fundamentally figured
out what to do about these things, and we're going to need to as a society. So, I want
to finish by putting this into a context. I believe that we're not at the end of something
but at the beginning of something much larger because of this platform that I've just described.
We understand all of us together, we now understand how to build these large audience businesses
using very powerful technology that's really, really interesting. It's just beginning based
on this platform. It's not ending, which is why I want you to keep doing this conference
for so long, it is because this is just literally the beginning of the implication of this in
terms of humanity, which is I think what you and the people who put this together really
care about. Now, I'm a computer scientist so my position is computer science can help
us a lot. Sort of my bias, I guess. But computer science can solve some pretty big problems;
global warming, terrorism, financial transparency, things that we're all worried about, because
those are information problems at some basic level, right? And that information problems
we can do those at scale, we as computer scientists. So, imagine a future where the following things
are true. And by the way, this is a pretty near future. This is not a long time from
now. You don't forget anything. I forget everything, right? And you don't forget anything because
computers remember everything. They remember, again with your permission, so I have to add
that, where you've been, what you did, they keep your pictures around, so forth and so
on. Did I like that hotel? Yeah, I say they're a little awhile ago, "No, I didn't like that,
I didn't like the food. I like this food over here, I like that memory. Yeah, yeah, that
person was over there. I went to walk over there," on and on and on. It remembers everything,
okay, with your permission. And the other thing is has anyone been lost recently? I
used to love to get lost. You know wandering around, not having any idea where I was, you
know, eventually you get found. It's terrible, you cannot get lost anymore. You know, everyone
here carries their mobile phone. Everyone with a mobile phone has Google Maps or one
of the competitors and you know you know exactly where you are down to the foot. You know we
know--you know your position down to the foot, and by the way, so do your friends, with your
permission. Now, what can you do with that? Well, computers can predict whether you're
going to meet your friend or not as you walk, with your permission. Now, people who loved
the earth can love it much more. I've been surprised at how powerful the Google Earth
phenomenon is in terms of the things that we now can know about the earth. And I think
it's obvious if you think about it, everyone here cares about it a great deal. We have
the ability now to know exactly what's happening everywhere all the time, whether it's geologic,
or people, or so forth, and so on. That's pretty important. So, as we face the various
significant threat of climate change, which we know is real and we have to deal with it
in some way, right, we've got a way of having a conversation that's fact-based. You can
have all the information of the world at your fits--in your fingertips. And the important
thing is it's with--in your own language, right then and there. It's never been possible
before. So, I didn't quite understand how powerful that was until you saw the development
of what is--Wikipedia which is sort of one of the great, great inventions of mankind
now and all of the ancillary services that we all use. By the way, you know what to pay
attention to right now because we'll help you sort it out, knowing what you care about,
because there's so much stuff coming at you. We can help suggest this, suggest that as
you wish. You're never lonely, right? When you're traveling, you're never lonely, right,
because there's always somebody to talk to online. Your friends travel with you now,
on your instant messaging and status, Facebook, and what have you. There is always somebody
to speak to and send the picture and, you know, "Here I am," you know, "running around
at the DLD conference," or whatever and to post about. And by the way you're never bored,
right? So, not only that you're never no--lonely, you're never bored. Instead of wasting time--television
or time--wasting time watching television, you waste your time being online, right? And
time wasting is a well-known human activity that we all engage in. Games, movies, videos,
and of course we can help you choose which ones you want. And you're never out of ideas.
In fact, we can suggest based on what you do, and again, what you care about and with
your permission, what you could do next, where you could go, some new ideas for you, imagine
a world's calendar of events all there. And by the way, what is this about this car thing?
It's amazing to me that they let humans drive cars. These things are very, very dangerous.
Don't you think computers should drive the cars where the human's sort of watching their
computer? I mean, think about it. We've done this. We did--we took seven Priuses which
we sort of modified without a lot of permission and drove them over 1,000 miles, right, with
a person sitting there with a button in case this--there was a software bug, which there
was not. And now, in Germany there's a problem with our approach because the software engineers
won't let the car go faster than the speed limit. So, I don't know how we're going to
do on the autobahn but the fact of the matter is that it makes more sense to have the autopilot
in the car via computer that knows the map, sees what's real time is going on, and let
the humans sort of monitor it. More people will be alive. This is a pretty important
thing in the world. And what I like the most about this, if you sort of sum, you know,
you're never lonely, you're never bored, all of the information at your fingertips, this
is not a vision of the elites. Historically, these kinds of technologies have been available
to the elites and not for the common man. And if there was a trickle down, it would
be a generation or a decade or, you know, 100 years. Information is historically been
kept to the elites for various reasons; hard to get at, difficult to understand, and so
forth. This is a vision that is accessible to every single person on the planet. Now,
so to the degree that we're all member of a highly educated western elites, we're going
to be amazed at how smart and capable all those people are who did not have access to
our standard of living, our universities, and our culture. And when they come, they're
going to teach us things that we didn't know. And they are coming and I'm very excited about
that. The numbers are that they are on the order of a billion smartphones and the growth
rate outside of our area is faster than in ours so they're coming and they're coming
fast. And one of the great accomplishments of our generation is the lifting of a couple
of billion people from poverty to middle class, mostly in Asia, and we should be very, very
proud of that as citizens of the world. This is our next achievement, which is to bring
them into this modern world, the world that we all live in, the world that we have built,
and that the world that they will change, and I think, for a largely very good world.
So, I would argue that the future of all of us, the future of this conference, the future
of what we care about, should be organized around the future of trying to do good. That
this platform that's being built, that I have articulated I think fairly clearly, it's pretty
clear to me its going to happen. You feel it, you see it, look at the projects that
were presented here in the conference in the last two days. This is the future that gives
time--gives people time back to do what matters, the things that they care about; ideas, intuitions,
solutions, in doing what they love. And in many ways, it's a future of poetry. This is
a quote from the New York Times, from William Gibson, "Google is made of us, a sort of coral
reef of human minds and their products." I'm very, very happy to be part of this. I'm happy
that we're all part of making this happen and thank you so much for being part of it.
So, thank you. Okay, okay. Okay. Okay. Thank you.
>> Thank you so much. >> SCHMIDT: Okay, thank you.
>> It was great. >> SCHMIDT: Yes, thank you.
>> [INDISTINCT] >> SCHMIDT: Yes, yes.
>> Very good. >> SCHMIDT: Thank you.
>> Do you mind me a question? >> SCHMIDT: Sure, sure, go ahead. On, anyway.
>> Yes. >> SCHMIDT: Oh.
>> [INDISTINCT] >> SCHMIDT: Okay, thank you. Thank you, thank
you, thank you. Sorry. >> So, Stef, we're at the end?
>> We're at the end. >> SCHMIDT: Oh, we are at the end?
>> Yes. >> Just let me express, my deepest thanks
to this wonderful speech. I think we have seen something which will have an effect for
everybody of us. I mean, Karen and me, we're thinking about what we heard this very morning
about the traditional media. And Mr. Schumpeter and the disruption of everything, I mean,
the disruption of politics, Minister Presidente--President. So, you will see it everywhere, distribution,
and I'm very happy to have one of these heroes. You are really...
>> Yes. >> ...you are nearly a mythological figure
out of... >> SCHMIDT: Thank you.
>> ...of someone like Ulysses, you know? >> SCHMIDT: Oh, that's right.
>> You made your way through all these labyrinths and you have been probably the most successful.
>> SCHMIDT: Thank you. >> And we are very proud that you are here