02/07/2022
Former Google CEO Eric Schmidt appears to be among the Americans who roll their eyes – and scratch their heads – when imagining the metaverse.
At the Aspen Ideas Festival in Aspen, Colorado, this week, Schmidt conveyed indifference and a bit of confusion when asked how the metaverse might affect global relations. “There’s not an agreement on what the metaverse is, even though one company has changed its name in anticipation of defining it,” Schmidt said on Tuesday, alluding to Facebook’s name change to Meta in October 2021.
The tech billionaire, who currently has a net worth of $19.3 billion, according to Forbes, said he’s unsure how the future collection of digital worlds — which, in theory, could enable people to virtually play, travel, work, and shop together — will actually affect regular people’s lives day-to-day.
It’s a commonly shared perception: Nearly two-thirds of respondents to a recent Axios survey said they weren’t exactly sure what the metaverse even was, and 58% of respondents said they were neither scared nor excited about the concept.
Eric Schmidt says isn't joining the cohort of tech CEOs who have invested in the metaverse – primarily because he doesn't think anyone can fully define it yet.