BREAKING
NVIDIA (NVDA) eyes China AI chip re-entry as export licensing shifts to case-by-case review 3 days ago Qualcomm (QCOM) authorizes $20B stock repurchase program, raises quarterly dividend to $0.92 3 days ago UP Fintech Holding Limited Reports Strong 2025 Results 3 days ago FedEx (FDX) Q3 Earnings Crush Estimates: EPS of $5.25 Beats by 27% on $24B Revenue 3 days ago Cato Corporation 2025 Financial Results Summary 3 days ago GROY Posts Breakeven Q4 Earnings, Beating Estimates by 100% as Revenue Grows 34.2% YoY to $4.5M 3 days ago York Space Systems (YSS) Posts -$0.24 EPS vs. -$0.18 Est., Revenue Soars to $105.3M 3 days ago Scholastic (SCHL) Q3 Loss Narrows to $0.15/Share vs $0.36 Estimate, Revenue Misses at $329.1M 3 days ago Curis (CRIS) EPS Soars 210.8% to $1.23, But Revenue Plunges 67.1% to $1.1M 3 days ago Eton Pharmaceuticals (ETON) Q4 Revenue Surges 82.9% YoY to $21.3M, EPS Climbs 266.7% 3 days ago NVIDIA (NVDA) eyes China AI chip re-entry as export licensing shifts to case-by-case review 3 days ago Qualcomm (QCOM) authorizes $20B stock repurchase program, raises quarterly dividend to $0.92 3 days ago UP Fintech Holding Limited Reports Strong 2025 Results 3 days ago FedEx (FDX) Q3 Earnings Crush Estimates: EPS of $5.25 Beats by 27% on $24B Revenue 3 days ago Cato Corporation 2025 Financial Results Summary 3 days ago GROY Posts Breakeven Q4 Earnings, Beating Estimates by 100% as Revenue Grows 34.2% YoY to $4.5M 3 days ago York Space Systems (YSS) Posts -$0.24 EPS vs. -$0.18 Est., Revenue Soars to $105.3M 3 days ago Scholastic (SCHL) Q3 Loss Narrows to $0.15/Share vs $0.36 Estimate, Revenue Misses at $329.1M 3 days ago Curis (CRIS) EPS Soars 210.8% to $1.23, But Revenue Plunges 67.1% to $1.1M 3 days ago Eton Pharmaceuticals (ETON) Q4 Revenue Surges 82.9% YoY to $21.3M, EPS Climbs 266.7% 3 days ago
ADVERTISEMENT
Market News

Two Internets? Former Google chief thinks it’s a possibility

Eric Schmidt, the former CEO of Alphabet’s (GOOGL) subsidiary Google, predicts that the Internet will split into two by 2028 with one version being led by China and the other one by the US. According to a report by CNBC, Schmidt made these remarks at a private event hosted by Village Global VC in San […]

September 21, 2018 2 min read
Market News

Eric Schmidt, the former CEO of Alphabet’s (GOOGL) subsidiary Google, predicts that the Internet will split into two by 2028 with one version being led by China and the other one by the US. According to a report by CNBC, Schmidt made these remarks at a private event hosted by Village Global VC in San […]

Eric Schmidt, the former CEO of Alphabet’s (GOOGL) subsidiary Google, predicts that the Internet will split into two by 2028 with one version being led by China and the other one by the US. According to a report by CNBC, Schmidt made these remarks at a private event hosted by Village Global VC in San Francisco.

Google chief predicts Internet will split in two by 2028
(Image Courtesy: Pawel Czerwinski/Unsplash)

Schmidt described the companies, services and wealth being produced in China as phenomenal and said that globalization provides the Asian country with many opportunities. He added that these developments could bring about new government policies that involve more rules for censorship and control in the region.

The ex-chief said that initiatives being undertaken by China in trade help in connecting the nation with several countries around the world and this in turn could lead to those countries adopting China’s controlled infrastructure.

Google has already faced criticism for reportedly taking on a project that involves the development of a censored search engine to suit the needs of Chinese officials. As per the Asian country’s strict censorship laws, search results on sensitive issues will be blocked or hidden.

Several lawmakers as well as the company’s employees raised concerns against the project and employees signed a letter asking for transparency while also stating that the plans raised ethical concerns. CEO Sundar Pichai said that the company was simply exploring its options with regards to entering China and that nothing was confirmed yet.

Google has faced a number of issues lately with regards to the tracking of user locations as well as criticism from President Donald Trump who claimed that the search engine muffled conservative voices and good news.

Google employees protest against controversial China search engine

ADVERTISEMENT