Thiel tells Schmidt: ‘Google is out of ideas’
July 18, 2012
Google Chairman Eric Schmidt and investor Peter Thiel took aim at each other in a recent debate, CNET reports.
Schmidt said technology and access to information has increased productivity and quality of life worldwide. Thiel thanked Schmidt for “doing a fantastic job” as “minister of propaganda” for Google. The tech sector has made remarkable strides in the areas of computers and software, he said, but has seen a “catastrophic” failure in other areas, such as energy innovation; ”Google is out of ideas.”
Schmidt called for more and better education, while Thiel proclaimed the inflation of an “education bubble.”