Google's Eric Schmidt: 'I Was Proven Completely Wrong' About Artificial Intelligence

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While leading Google through the aughts, Eric Schmidt made a miscalculation.

The preceding phase was a focus on all things mobile- and smartphone-first, according to Pichai, who succeeded Schmidt after a second CEO stint by Google co-founder Larry Page.Get Data Sheet, Fortune's technology newsletter.

Schmidt's assessment back then was that artificial intelligence research faced tremendous obstacles that inhibited its progress.

Schmidt had underestimated the power of simple algorithms to "Emulate very complex things," he said, while qualifying that "We're still in the baby stages of doing conceptual learning."

Ironically, Schmidt said, the team's creation didn't uncover some major mathematical breakthrough.

In Schmidt's view, the positives far outweigh the negatives for AI. "Things that bedevil us, like traffic accidents and medical diagnoses will get better," he said.

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