Recap of Speech by Eric Schmidt

Google's CEO Eric Schmidt recently spoke at the Economic Club. VC Confidential has the recap, which includes the following points made by Schmidt:

Study after study shows that groups collectively predicting/assessing dramatically outperform individual experts. How to tap? Some hedge funds trying to find ways to mine opinion from chat rooms about stocks. The trick is guaranteeing no gaming...one person, one vote.

Google is working on auto-translation products. This will allow content, trapped within a language such as Japanese, to be freed for consumption world wide by all.

Predators, Phishers and other such elements are greatest threat and will always be there.

A more in depth recap is at VC Confidential.