Former Google CEO says AI at 'center' of technology competition between US and China

A former Google CEO said during a Congressional hearing on Wednesday that artificial intelligence (AI) is at the "center" of the technology competition between the United States and China. Eric Schmidt, who was CEO of Google from 2001 to 2011, made the comment during Wednesday's House hearing focusing on strategic competition between the United States and the Chinese Communist Party (CCP). "I think the technology competition between China and the U.S. is the defining moment of all of the competitions," Schmidt said. "And of that, artificial intelligence, AI, which is now a lot of people are talking about, is very much at the center of this competition." Elaborating on his point, Schmidt said that "China is now dedicating enormous resources to outpace the US and technologies, in particular AI." Former CEO & Chairman of Google and Chainlink Advisor Eric Schmidt speaks at Chainlink's SmartCon 2022 Web3 Conference on September 28, 2022 in New York City.