Speaking at a closed event in Israel, Eric Shmidt discussed Israel’s tech development, as well as governmental cooperation, Google Street View, the company’s experience with China and more:

Google CEO Talks Tech: Israel’s Military Responsible for Technological Advantages

‘One of the more interesting things in Israel is that the Israeli military has considerable data and it integrates between many types and sources of information. There’s a whole generation of computer scientists working with very large databases and it’s an entirely new industry that’s being built, and it’s impossible to know what products might come out from it in the future,’ said Google CEO, Eric Schmidt, at a closed Google event that took place Monday at the Tel Aviv Exhibition Grounds.

‘Everything you see in this magic known as Israel relies on the advancements of Moore’s Law. The progress in computer capabilities is allowing all of these wondrous developments that you are doing here.’ According to Schmidt, Israel is only at the start of its ventures. ‘Five years ahead, things will be ten times faster. Today’s expensive devices will be cheaper and more common, and so the influence of the technology is expected to be far-reaching. For example, my phone (Nexus-S), which costs around $400 today, will cost just $20 in a few years. The cameras being used today are ten times stronger than the computers from the time when I was studying computers.”

Schmidt explains that despite the fact that those in Israel are use to excellent technology that allows for connectivity from any place, the cellphone is a life-altering thing in other places in the world such as Pakistan or Afghanistan. ‘There are about five billion cellphones in the world, one billion of which are smartphones, and 2.3 billion internet links. This is a trend that is constantly being accelerated..”

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