In medicine, biology, and many other areas. We were at the new York Economic Club for a wideranging conversation. Let me begin with a couple of questions. , theyou went to google said to you, we need an adult in the room. [laughter] because it was a good day for you. Eric it was a good day for me. It is an honor to be here. Thank you for inviting me. They had decided that they anded someone to run things have spent 16 months interviewing people and made them do things. Ceo, you had to go skiing with them or go to burning man with them. And very few people met the test, apparently. To them i wasnt going charlie 10 years as ceo. What was the most wonderful thing . My world is full of Brilliant Ideas that are not monetize a bowl in the sense that people have amazing ideas. In order to build a company of that success my google or r,cebook or cooper, or ube you need to have a significant change in the way the revenue will come in. We invented targeted advertising which is really much better
Good afternoon, everybody. Meeting ofthe 453rd the Economic Club of new york in our 109th year. I am bill dudley, president of the Federal Reserve bank in new york. The Economic Club is the nations leading Nonpartisan Forum for discussions on social and political issues with more than 1000 speakers appearing before the club in the last century. We have established a tradition of excellence. I want to recognize the 232 members of the centennial society. These club members make an extraordinary contribution to ensure the financial quality of the club in its second century. Their names are in your program. I would like to welcome students hear from columbia university, hunter college, nyu, university of pennsylvania, and Southern Methodist university. This afternoon, we are honored to be able to have as our guest speaker eric schmidt, the executive chairman of alphabet, inc. In this role, he acts as the firms global ambassador with the responsibility for external matters pertaining to all
World. Rose we conclude with Larry Kellerman and Peter Corsell of twenty First Centuryh started my pill grammage in the electric Utility Industry way back when when i started edison company, a industry i have grown up with, an industry i believe has been very transformational since its very founding, well over a century ago. And my belief and my colleague peters belief is that there are technological changes that are occurring in the ecosystem of electric power generation, production and use that makes the utility even more relevant in todays world than it has been in its entire history. Rose eric schmidt on the future of technology, Larry Kellerman and Peter Corsell on the future of regulated utilities, next. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose eric schmidt has been at the center
World. Rose we conclude with Larry Kellerman and Peter Corsell of twenty First Centuryh started my pill grammage in the electric Utility Industry way back when when i started edison company, a industry i have grown up with, an industry i believe has been very transformational since its very founding, well over a century ago. And my belief and my colleague peters belief is that there are technological changes that are occurring in the ecosystem of electric power generation, production and use that makes the utility even more relevant in todays world than it has been in its entire history. Rose eric schmidt on the future of technology, Larry Kellerman and Peter Corsell on the future of regulated utilities, next. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose eric schmidt has been at the center
Shocking. 10 years ago i predicted this would never happen but i think it shows you how right i am. Look at the technology in the games of or commission and alexa which is now common. You see. Im not take interest in the Voice Recognition part im very interested in a Voice Recognition with knowledge understanding. And the data that google already has. Or the underlying algorithms. You can use of google, with or pocket that you can get on your phone, speaking your language from it comes out on another foot in another language. Oh, my god, right . Does this really work . District is as good as a human translator . Not yet. Is a good enough to have a casual conversation . Yes how does it work . It takes your voice, digitize it and puts it into text. Thats done using a network. It then uses a different Translation Network which is learned how to translate. It translates it and it translates it back into voice. So you three different translations. Is there a name to the age we were looking