Advertising will always dominate Google despite new tech expansion, says ex-CEO Eric Schmidt

At Google’s recent I/O conference, the tech giant unveiled a slew of new projects and investments in the latest tech trends, betting big on artificial intelligence, virtual reality and chat bots.Yet despite the exponential growth of these new tech formats, the money still lies, and will always lie, in advertising. This was the opinion of Google’s former chief executive Eric Schmidt, appearing just a week after the I/O conference at the Startup Fest Europe conference on May 24, to tell audiences that Google’s revenue stream is never likely to change. When asked on how Google makes money, Schmidt said: “I have been at Google and Alphabet for 15 years and it has always been advertising and I suspect it will always be advertising, because advertising is such a large part of…


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