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Eric Schmidt: Google | Lex Fridman Podcast #8
They sensed a moment when in the case of Google,
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Eric Schmidt: Google | Lex Fridman Podcast #8
there was all of this data that needed to be organized
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Eric Schmidt: Google | Lex Fridman Podcast #8
and they had a better algorithm.
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Eric Schmidt: Google | Lex Fridman Podcast #8
They had invented a better way.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So today with human centered AI,
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Eric Schmidt: Google | Lex Fridman Podcast #8
which is your area of research,
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Eric Schmidt: Google | Lex Fridman Podcast #8
there must be new approaches.
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Eric Schmidt: Google | Lex Fridman Podcast #8
It's such a big field.
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Eric Schmidt: Google | Lex Fridman Podcast #8
There must be new approaches,
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Eric Schmidt: Google | Lex Fridman Podcast #8
different from what we and others are doing.
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Eric Schmidt: Google | Lex Fridman Podcast #8
There must be startups to fund.
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Eric Schmidt: Google | Lex Fridman Podcast #8
There must be research projects to try.
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Eric Schmidt: Google | Lex Fridman Podcast #8
There must be graduate students to work on new approaches.
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Eric Schmidt: Google | Lex Fridman Podcast #8
Here at MIT, there are people who are looking at learning
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Eric Schmidt: Google | Lex Fridman Podcast #8
from the standpoint of looking at child learning.
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Eric Schmidt: Google | Lex Fridman Podcast #8
How do children learn starting at age one and two?
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Eric Schmidt: Google | Lex Fridman Podcast #8
And the work is fantastic.
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Eric Schmidt: Google | Lex Fridman Podcast #8
Those approaches are different from the approach
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Eric Schmidt: Google | Lex Fridman Podcast #8
that most people are taking.
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Eric Schmidt: Google | Lex Fridman Podcast #8
Perhaps that's a bet that you should make
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Eric Schmidt: Google | Lex Fridman Podcast #8
or perhaps there's another one.
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Eric Schmidt: Google | Lex Fridman Podcast #8
But at the end of the day,
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Eric Schmidt: Google | Lex Fridman Podcast #8
the successful entrepreneurs are not as crazy as they sound.
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Eric Schmidt: Google | Lex Fridman Podcast #8
They see an opportunity based on what's happened.
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Eric Schmidt: Google | Lex Fridman Podcast #8
Let's use Uber as an example.
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Eric Schmidt: Google | Lex Fridman Podcast #8
As Travis sells the story,
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Eric Schmidt: Google | Lex Fridman Podcast #8
he and his co founder were sitting in Paris
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Eric Schmidt: Google | Lex Fridman Podcast #8
and they had this idea because they couldn't get a cab.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And they said, we have smartphones and the rest is history.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So what's the equivalent of that Travis Eiffel Tower,
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Eric Schmidt: Google | Lex Fridman Podcast #8
where is a cab moment that you could,
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Eric Schmidt: Google | Lex Fridman Podcast #8
as an entrepreneur, take advantage of?
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Eric Schmidt: Google | Lex Fridman Podcast #8
Whether it's in human centered AI or something else.
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Eric Schmidt: Google | Lex Fridman Podcast #8
That's the next great startup.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And the psychology of that moment.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So when Sergey and Larry talk about,
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Eric Schmidt: Google | Lex Fridman Podcast #8
and listen to a few interviews, it's very nonchalant.
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Eric Schmidt: Google | Lex Fridman Podcast #8
Well, here's the very fascinating web data
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Eric Schmidt: Google | Lex Fridman Podcast #8
and here's an algorithm we have for,
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Eric Schmidt: Google | Lex Fridman Podcast #8
we just kind of want to play around with that data.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And it seems like that's a really nice way
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Eric Schmidt: Google | Lex Fridman Podcast #8
to organize this data.
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Eric Schmidt: Google | Lex Fridman Podcast #8
I should say what happened to remember
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Eric Schmidt: Google | Lex Fridman Podcast #8
is that they were graduate students at Stanford
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Eric Schmidt: Google | Lex Fridman Podcast #8
and they thought this was interesting.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So they built a search engine
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Eric Schmidt: Google | Lex Fridman Podcast #8
and they kept it in their room.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And they had to get power from the room next door
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Eric Schmidt: Google | Lex Fridman Podcast #8
because they were using too much power in the room.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So they ran an extension cord over, right?
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Eric Schmidt: Google | Lex Fridman Podcast #8
And then they went and they found a house
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Eric Schmidt: Google | Lex Fridman Podcast #8
and they had Google world headquarters of five people,
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Eric Schmidt: Google | Lex Fridman Podcast #8
right, to start the company.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And they raised $100,000 from Andy Bechtolsheim,
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Eric Schmidt: Google | Lex Fridman Podcast #8
who was the Sun founder to do this
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Eric Schmidt: Google | Lex Fridman Podcast #8
and Dave Cheriton and a few others.
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Eric Schmidt: Google | Lex Fridman Podcast #8
The point is their beginnings were very simple
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Eric Schmidt: Google | Lex Fridman Podcast #8
but they were based on a powerful insight.
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Eric Schmidt: Google | Lex Fridman Podcast #8
That is a replicable model for any startup.
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Eric Schmidt: Google | Lex Fridman Podcast #8
It has to be a powerful insight.
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Eric Schmidt: Google | Lex Fridman Podcast #8
The beginnings are simple.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And there has to be an innovation.
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Eric Schmidt: Google | Lex Fridman Podcast #8
In Larry and Sergey's case, it was PageRank,
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Eric Schmidt: Google | Lex Fridman Podcast #8
which was a brilliant idea,
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Eric Schmidt: Google | Lex Fridman Podcast #8
one of the most cited papers in the world today.
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Eric Schmidt: Google | Lex Fridman Podcast #8
What's the next one?
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Eric Schmidt: Google | Lex Fridman Podcast #8
So you're one of, if I may say,
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Eric Schmidt: Google | Lex Fridman Podcast #8
richest people in the world.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And yet it seems that money is simply a side effect
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Eric Schmidt: Google | Lex Fridman Podcast #8
of your passions and not an inherent goal.
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Eric Schmidt: Google | Lex Fridman Podcast #8
But you're a fascinating person to ask.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So much of our society at the individual level
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Eric Schmidt: Google | Lex Fridman Podcast #8
and at the company level and as nations
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Eric Schmidt: Google | Lex Fridman Podcast #8
is driven by the desire for wealth.
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Eric Schmidt: Google | Lex Fridman Podcast #8
What do you think about this drive?
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Eric Schmidt: Google | Lex Fridman Podcast #8
And what have you learned about,
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Eric Schmidt: Google | Lex Fridman Podcast #8
if I may romanticize the notion,
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Eric Schmidt: Google | Lex Fridman Podcast #8
the meaning of life,
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Eric Schmidt: Google | Lex Fridman Podcast #8
having achieved success on so many dimensions?
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Eric Schmidt: Google | Lex Fridman Podcast #8
There have been many studies of human happiness
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Eric Schmidt: Google | Lex Fridman Podcast #8
and above some threshold,
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Eric Schmidt: Google | Lex Fridman Podcast #8
which is typically relatively low for this conversation,
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Eric Schmidt: Google | Lex Fridman Podcast #8
there's no difference in happiness about money.
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Eric Schmidt: Google | Lex Fridman Podcast #8
The happiness is correlated with meaning and purpose,
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Eric Schmidt: Google | Lex Fridman Podcast #8
a sense of family, a sense of impact.
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Eric Schmidt: Google | Lex Fridman Podcast #8
So if you organize your life,
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Eric Schmidt: Google | Lex Fridman Podcast #8
assuming you have enough to get around
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Eric Schmidt: Google | Lex Fridman Podcast #8
and have a nice home and so forth,
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Eric Schmidt: Google | Lex Fridman Podcast #8
you'll be far happier if you figure out
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Eric Schmidt: Google | Lex Fridman Podcast #8
what you care about and work on that.
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Eric Schmidt: Google | Lex Fridman Podcast #8
It's often being in service to others.
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Eric Schmidt: Google | Lex Fridman Podcast #8
There's a great deal of evidence that people are happiest
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Eric Schmidt: Google | Lex Fridman Podcast #8
when they're serving others and not themselves.
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Eric Schmidt: Google | Lex Fridman Podcast #8
This goes directly against the sort of
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Eric Schmidt: Google | Lex Fridman Podcast #8
press induced excitement about
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Eric Schmidt: Google | Lex Fridman Podcast #8
powerful and wealthy leaders of one kind.
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Eric Schmidt: Google | Lex Fridman Podcast #8
And indeed these are consequential people.
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Eric Schmidt: Google | Lex Fridman Podcast #8
But if you are in a situation
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Eric Schmidt: Google | Lex Fridman Podcast #8
where you've been very fortunate as I have,
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Eric Schmidt: Google | Lex Fridman Podcast #8
you also have to take that as a responsibility
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