The Google Former CEO also emphasised that China is investing more than the United States in AI.
Former Google CEO Eric Schimdt to step down from board after 18 years, will continue as tech advisor at Alpabet Inc
The changes follow scandals involving Google’s handling of sexual misconduct cases
Eric Schmidt replaced by board veteran John Hennessy who will be the new executive chairman of Alphabet
Schmidt stepped down in January, ending a 17-year run where he played a central role in building a startup called Google into a powerhouse of technologies
Alphabet misses quarterly profit forecasts as rising ad sales were countered by gadgets, YouTube app and cloud services
Shares of Alphabet dipped more than 5 percent after-hours, before steadying with a 2.7 percent loss at $1,149.93.
Eric Schmidt held shares worth about $4.9 billion and maintained 5.6 percent voting control over the company.
A Google spokeswoman confirmed the letter had been sent by the company but provided no further comment.
Russia to take action against Google if Sputnik and Russia Today are placed lower in its search results
Both of the websites spread misinformation and published stories that were negative toward Hillary Clinton during the 2016 U.S. presidential election.
Eric Schmidt warns the United States about AI competition with China; claims ‘these Chinese people are good’
Schmidt elaborated that China will catch up quickly and will use the new technology for both, military as well as commercial objectives.
Tech titans have benefited so far from the perception that they bring benefits to society, said Freddie Lait, founder at Latitude Investment Management.
President Donald Trump met on Monday with the heads of 18 US technology companies including Apple Inc, Amazon.com Inc and Microsoft Corp, seeking their help to make the government's computing systems more efficient.
In February, Vietnam complained about "toxic" anti-government and offensive content on Facebook and Google's YouTube application
For now, at least, the Infosys board and CEO Vishal Sikka agree with the founder and have aligned completely with the sharply and deeply articulated values by Murthy
Sure, a lot of tech CEOs raised their voices against the order. We have a whole list here. But in the case of Google, it is not only the CEO, but also a co-founder, former CEO as well as the Google employees themselves, who have made their stand clear over the last few days.
Julian Assange, the editor-in-chief of WikiLeaks announced that the non-profit organisation would release documents related to Google in addition to the upcoming Presidential elections in the United States of America.
A top Google official on Tuesday hailed Israel's tech sector, saying it trailed only Silicon Valley in the United States when it comes to "initiatives"
At the recent shareholders meeting Eric Schmidt spoke about meatless meat or 'nerds over cattle'as he likes to call it.
Tech industry titans Apple's Tim Cook and Google's Eric Schmidt took their battle for corporate domination to the heart of Europe on Tuesday seeking to win over new startups.
Oracle Corp and Google faced off in a $9 billion copyright retrial, with Oracle accusing Google of stealing programming to become the world's leading smartphone player and Google saying it acted legally as a true innovator.
Bill Campbell, a management guru to Steve Jobs and other Silicon Valley luminaries, has died after a long battle with cancer. He was 75.
Eric Schmidt, the former chief executive officer of Google, will head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the U.S. military, Defense Secretary Ash Carter said on Wednesday.