Alphabet’s Schmidt talks about new companies to join the conglomerate

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Jeff Causey

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During a recent closed-door conference, Alphabet chairman Eric Schmidt spent some time talking about the future of the conglomerate and the companies it may eventually cover with its umbrella. Although most of the organization of the former Google entities is still largely unchanged with the transition to Alphabet, Schmidt suggested that there are many more subsidiary companies that will be coming on board.

At one point during the discussion, Schmidt noted that “after 26, we’re going to probably transcendental numbers like pi.” He also indicated that he has not only been meeting with the CEO’s of existing Alphabet companies, but with “proposed ones” as well, so that is a good indication we should be seeing some announcements coming up. However, Schmidt did not provide any hints about which companies those may be. Many people have their eyes on Google’s self-driving car project as emerging from underneath Google X. There is also the possibility of companies being added to the fold from outside, like Uber, a company that Schmidt appears to be high on.

In addition to discussing the future of Alphabet companies, Schmidt spent some time talking about other policy topics like encryption, bandwidth, and the sharing economy. He also spent considerable time talking about developments in Europe and the threat that he sees coming from rulings there like the “right to be forgotten” and a new safe harbor ruling regarding data privacy. Schmidt went so far as to say the path that Europe appears to be on is one that could cause the loss of “one of the greatest achievements of humanity.”

source: Re/code


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