Eric Schmidt sees a huge future for machine learning

The man who helped build Google from a search engine into one of the biggest and most influential companies in the world has predicted the emergence of a new computing architecture based on crowd-sourced data and machine learning.

Speaking at Google’s GCP Next cloud computing conference in San Francisco, Alphabet Chairman Eric Schmidt said the combination of crowd-sourced data and machine learning will be the basis of “every successful huge IPO” in five years.

He said the adoption of machine learning will allow companies to mine crowd-sourced data, which already provides a mass of information not previously available to companies, and improve on it.

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