Interesting to learn that 98% of the revenue here is advertising. Also interesting is the explanation of Moore’s Law to Charlie Rose as well. Charlie 
even goes so far to ask about mapping the human genome, that one surprised me a bit to hear the conversation go in that direction.
Science and Education funding are also mentioned as a primary focus of the stimulus plan. He also states as well that we are losing out in the US, Healthcare and Education the 2 big focuses.
The entire interview takes an hour to watch, worth watching if you have some time. Below the video I took some of the highlights and made mention of what I considered to be some of the important areas discussed. If you want to see the entire transcription, use the link at the bottom and go to TechCrunch to read the entire interview.
Technology people are different and I agree wholeheartedly here, but it’s a good thing as he states at the last of the interview. BD
Talking about the 20% Working Rule – 20% can be spent as they desire at work…
“We think the 20 percent time is really the only way we’ve been able to maintain our innovation as we have gotten larger. What normally happens with technology companies is the initial founding team gets older, you bring in traditional management, and although it becomes a better managed company, much of the creativity and the flair and the joy did get lost in the process. By establishing the principal that engineers could spend 20 percent of their time working on whatever they found interesting, we created a culture where there’s this constant flow of innovation. Literally every day there’s another fun surprise. Now, before we get too excited about the 20 percent time, these are engineers. They don’t vary that far from their area of interest. But it gives them an opportunity –”
This is funny talking about phones and I think he is correct with people not knowing how to get the pictures out of the phones…
We think it will be one of the most defining aspects of the internet. Because if you think about it, everybody has phones and every phone has a still camera, and every one of those phones is going to have a movie camera pretty soon. And indeed if you think about it, a lot of the news that you see you’ll see some phone camera video of low quality. Well, five years from now, those will be very high quality videos as the technology gets better. And the joke is that the vast majority of photographs now taken are kept in people’s phones because they can’t get them out of them.
A little about transparency and honesty…which is true with all the technology and data today..someone will find truth.
Well, the most interesting thing to me is that transparency is how you keep societies honest. And we’ve now because of the internet and because of the digital revolution given people — we’ve essentially given them the ability to see everything. So you can now take photographs, take videos of everything you see in your world and people discover it. And there are whole communities of people who are interested in these kinds of aspects. And they serve as a form of check and balance on the powerful, the rich, the people who might exploit others. It doesn’t necessarily mean for a different outcome, but it means that everybody can’t hide. They have to actually tell the truth. To me, that’s a great step forward.
On Politics and Congress…the BS Detector…a search on Google
….The important point here is that politicians today are well aware of YouTube and its phenomena and they’re more careful. And being more careful is probably good. Indeed, if they are going off and saying things to small audiences, and they go to other audiences saying something very different, I want to know that as a viewer. There are many things as you can imagine in the future. The one I like the most is the politicians BS detector, where basically the — Google is sitting there, and the politician says something, and you can type it in, that’s true or false.
The Exploding Growth of Cell phones
There are on the order of 250 million users in China of the Internet which is more than the number of users that we have in the United States today. And that’s an important milestone. And they have many, many hundreds of millions to go. There are about 500 million mobile phone users in China.
On how one Venture Capitalist functions…
Eric Schmidt:
So I have friends — I have a friend who is a venture capitalist, Bill Joy, who described how he does venture capital. He uses Google to search for all the new ideas. He reads the papers so he figures out what the search query is. He reads the paper, and then he calls the people to say what’s new? What’s innovative?
Charlie Rose:
Wait, this is important to me. He looks at the papers, then — he goes online and looks at newspapers or he reads them –
Eric Schmidt:
He starts off — he starts off with a search. I’m interested in hydrodynamics. And he learns by digging — by repetitive searching until he finds the papers that are authoritative. He looks for who the authors are, and he calls the authors. These are people no one ever calls. So they return his call.
On Predicting Flu Outbreaks…
In our case, we built a system which took anonymized searches so you couldn’t figure out exactly who it was, and that’s important. And we get six 
months ahead of the other reporting mechanisms so we could identify the outbreak. Many people believe that this device can save 10, 20, 30,000 lives every year just because the healthcare providers could get earlier and contain the outbreak.
On Reading…I say the same, many do not do enough…
And I think that with an educating — with an educator audience, it’s important that we start with reading. If you look at all of the IQ testing and all of the tracking testing, it’s early reading with young parents literally, you know, with small children that really make the difference.
The US does not have the Pandora’s Box of Innovation and Intellect
Eric Schmidt:
If you’re a person who believes that America is the only country and America is always right, I have news for you. It’s not going to be true in the future. Because the Chinese and the Indians and the sum of the Europeans will have their own stake on what’s right and what they think the future is.
Charlie Rose:
So we’re looking to a shared world.
Eric Schmidt:
We’re moving into a world where you actually talk to them.
About the people who work with technology…and this is very true, tech folks have been sharing for years and are used to it, the rest of the world is just now catching up with collaboration.
Charlie Rose:Technology — are people in technology different?
Eric Schmidt:
Yes.
Charlie Rose:
They are? What is it?
**Eric Schmidt:**
Technologists as a group tend to be more analytical, more data driven, more personally liberal, more willing to tolerate the differences between people.
More global in their focus. And I think that’s across all political parties. People in technology believe that you can create whole new businesses. In my dealings with other businesses, they often seem to be locked in a paradigm that was given to them by their grandfather. You know, this is the economic structure. This is the industrial structure.
This is how it’s always been done. Technology as a group, I believe that you can literally change the world from technology.
http://video.google.com/videoplay?docid=8240499345320964787&hl=en
Hat Tip: TechCrunch
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