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Intelligence business to become US$40 trillion business: Eric Schmidt

Felicia Tan
Felicia Tan • 2 min read
Intelligence business to become US$40 trillion business: Eric Schmidt
Eric Schmidt, former head of Google and co-founder of philanthropic venture, Schmidt Futures with Arsalan Tavakoli, co-founder and senior vice president of field engineering at Databricks. Photo: Databricks
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The intelligence business looks set to become a US$40 trillion ($54.12 trillion) business, says Eric Schmidt, former head of Google and co-founder of philanthropic venture, Schmidt Futures. He was speaking as part of the keynote at Databricks’ data and artificial intelligence (AI) summit in San Francisco this year.

While there is huge potential in the industry, with organisations needing to use AI in their business models, Schmidt acknowledges that there are a few clear short-term threats that need to be addressed.

Misinformation and disinformation is one of them, especially when generative AI is going to be used widely for information, he explains.

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