Google Boss: This Is What a Perfect Startup Will Look Like in 5 Years

Alphabet executive chairman Eric Schmidt has outlined what he sees as being the ideal startup in five years’ time. Schmidt says a key quality of a future successful tech company will be a reliance on crowdsourced data. He gave the example of a company that sources data about skin cells and then uses machine learning to process that information. A good company would “use Android, iOS, and machine learning but use the crowd to learn something trivial,” Schmidt said onstage at Startup Grind Europe on Wednesday. One hypothetical that Schmidt provided was a dermatology company funded with $1 million (£700,000). He suggested that the company could pay dermatologists $1 each for information on skin cells and the problems they had and then use machine learning to develop a recognition system…


Link to Full Article: Google Boss: This Is What a Perfect Startup Will Look Like in 5 Years