Connect with us

Business

Larry Page said in 2000 Google was ‘nowhere near’ the ultimate search engine—Gemini might be close

Published

on



Google cofounder Larry Page had a vision for search engines 25 years ago that sounds eerily close to what its AI product Gemini is making possible today.

Page, who started Google with cofounder Sergey Brin, served in his first stint as CEO from the company’s founding in 1998 until 2001 when he was replaced by Eric Schmidt, who would serve in the role for a decade.

When Google was founded, the concept of the search engine was still fairly new. Google took it to the next level with its PageRank algorithm, which looked at hyperlinks between web pages to rank the best results rather than using keywords.

“Search engines didn’t really understand the notion of which pages were more important,” Page said at the time. “If you type Stanford, you get sort of random pages that mention Stanford. This obviously wasn’t going to work.” 

In just a couple of years, Google’s innovation took it from a non-player dwarfed by market leaders like AltaVista and Yahoo to a real competitor. 

By 2000 the upstart company had captured 25% of the search market—a significant advance but still far from its 90% dominance now. Page claimed the company was making $80 million a year in ad search revenue in 2000, compared with just under $200 billion in 2024.

Yet Page had grand hopes for what the future of Google and search could look like.

“Artificial intelligence would be the ultimate version of Google,” he said in a resurfaced interview conducted by the nonprofit educational organization American Academy of Achievement, from October 2000. “If we had the ultimate search engine, it would understand everything on the web. It would understand exactly what you wanted, and it would give you the right thing. And that’s obviously artificial intelligence—able to answer any question, basically because almost everything is on the web.”

While he added at the time, “We’re nowhere near doing that now,” Google’s Gemini, which the company recently upgraded, may be the closest it has come to realizing Page’s 25-year-old vision. 

OpenAI beat Google to the punch by launching ChatGPT in late 2022, and for months the company scrambled to release its own large language model. In February 2023, Google put out Bard, which it later rebranded to Gemini.

The company has also made major strides to bring AI to search. In May, Google reimagined its iconic search engine by incorporating Gemini in a tab called “AI Mode.” Rather than presenting a list of links, this mode answers search questions in natural language. That’s as ChatGPT is replacing at least some queries once reserved for Google.

Google may also have pulled ahead of competitors with its most recent update to Gemini. The new version of the company’s flagship large language model has outpaced ChatGPT and other competitors like Anthropic’s Claude, according to industry benchmark tests, the Wall Street Journal reported

Last week, the company incorporated a version of its latest LLM, Gemini 3 Flash, into the AI Mode search tool for all users globally. Its advanced reasoning, the company argues, will deliver users better answers to more complicated questions. 

With its multimodal reasoning, Google’s most advanced AI can interpret and reason based on text, images, audio, video, and code in a single prompt. While it may not be able yet to predict a user’s needs, it maintains a 1-million-token context window, meaning it can draw on a large amount of previous information to inform its responses to user queries—especially long and nuanced prompts.

More than just a passive search engine, Gemini can also act on a user’s behalf better than previous versions. Gemini can work across Google’s ecosystem to manage a user’s inbox and send emails. When it comes to coding, the LLM can watch and respond in seconds with how to proceed. Google claims Gemini 3 can help turn an idea into a working prototype in minutes.

While 25 years ago, Page painted the “ultimate search engine” as a faraway goal, the company is moving closer to achieving his vision.



Source link

Continue Reading

Business

Goldman Sachs CEO says he’d hire someone ‘smart enough’ over the smartest person in the world because ultimately experience trumps brains

Published

on



It’s easier to get into an Ivy League school than it is to land a job at $268 billion banking giant Goldman Sachs. But unlike the colleges, the business isn’t chasing the most intelligent minds floating into its talent pools. David Solomon, the CEO of Goldman, says he’s in the “camp of smart enough.” 

“You have to be smart enough, but the smartest person in the world without a whole package of other things [is] not going to navigate Goldman Sachs well, not going to be successful in Goldman Sachs over the long run,” Solomon revealed recently on Sequoia Capital’s Long Strange Trip podcast.

There are a few key qualities Solomon looks for in new hires, over educational pedigree. The CEO said the most attractive candidates are in touch with “human elements” like the ability to connect, be resilient, and determined. They always need to be striving for excellence—and on top of everything else, should come to Goldman Sachs with a proven track record. 

Experience, Solomon said, is “hugely underrated” and “a big differentiator for the firm.” It’s not impossible to do very well without it, he added, but relying on book smarts over real-life expertise won’t get one hired at the bank.

“You can’t teach experience,” Solomon explained. “Experience matters in these big organizations and when it matters it doesn’t matter when things are going well. It matters when the bumps come. You’ve got to make difficult judgments.”

CEOs aren’t always going for the brightest Ivy League grads

Solomon isn’t the only CEO choosing life skills over intellectual excellence. Even the CEO of LinkedIn, Ryan Roslansky, has cautioned that instead of chasing candidates with Ivy League backgrounds, hiring managers today will be on the hunt for AI-savvy talent. 

“I think the mindset shift is probably the most exciting thing because my guess is that the future of work belongs not anymore to the people that have the fanciest degrees or went to the best colleges,” Roslansky said during a recent fireside chat.

Even Berkshire Hathaway’s Warren Buffett looks past Ivy League degrees when it comes to hiring. The hedge fund mogul, worth $149 billion, doesn’t care if his employees went to Stanford or Princeton—or any college at all. 

While discussing Berkshire Hathaway’s 2005 acquisition of Forest River, an RV manufacturer led by Pete Liegl, he said “no competitor came close to his performance” despite Liegl not hailing from an incredibly prestigious university. Buffett also pointed to Microsoft entrepreneur Bill Gates, who achieved billion-dollar success without a college diploma. 

“I never look at where a candidate has gone to school. Never!” Buffett said in his 2025 annual letter to shareholders. “Of course, there are great managers who attended the most famous schools. But there are plenty such as Pete [Liegl] who may have benefited by attending a less prestigious institution or even not bothering to finish school.”

Even elite college degrees—once the benchmark of intelligence—have fallen flat, according to business leaders. The iconic Harvard University dropout himself, Meta’s Mark Zuckerberg, said that colleges aren’t skilling graduates for the jobs they need. The Facebook creator cautioned that the tide is changing as people figure out whether pursuing a degree makes sense anymore, especially as employers hunt for new talent skills.  

“There’s going to have to be a reckoning,” Zuckerberg said on the This Past Weekend podcast in April. “People are going to have to figure out whether that makes sense. It’s sort of been this taboo thing to say, ‘Maybe not everyone needs to go to college,’ and because there’s a lot of jobs that don’t require that…People are probably coming around to that opinion a little more now than maybe like 10 years ago.”



Source link

Continue Reading

Business

Trump will lead the design of his new class of warships ‘because I’m a very aesthetic person’

Published

on



President Donald Trump has announced a bold plan for the Navy to build a new, large warship that he is calling a “battleship” as part of a larger vision to create a “Golden Fleet.”

“They’ll be the fastest, the biggest, and by far 100 times more powerful than any battleship ever built,” Trump claimed during the announcement at his Mar-a-Lago resort in Florida.

The ship, according to Trump, will be longer and larger than the World War II-era Iowa-class battleships and will be armed with hypersonic missiles, rail guns, and high-powered lasers — all technologies that are still being developed by the Navy.

Just a month ago, the Navy scrapped its plans to build a new, small warship, citing growing delays and cost overruns, deciding instead to go with a modified version of a Coast Guard cutter that was being produced until recently. The sea service has also failed to build its other newly designed ships, like the new Ford-class aircraft carrier and Columbia-class submarines, on time and on budget.

Historically, the term battleship has referred to a very specific type of ship — a large, heavily armored vessel armed with massive guns designed to bombard other ships or targets ashore. This type of ship was at the height of prominence during World War II, and the largest of the U.S. battleships, the Iowa-class, were roughly 60,000 tons.

After World War II, the battleship’s role in modern fleets diminished rapidly in favor of aircraft carriers and long-range missiles. The U.S. Navy did modernize four Iowa-class battleships in the 1980s by adding cruise missiles and anti-ship missiles, along with modern radars, but by the 1990s all four were decommissioned.

Trump has long held strong opinions on specific aspects of the Navy’s fleet, sometimes with a view toward keeping older technology instead of modernizing.

During his first term, he unsuccessfully called for the return to steam-powered catapults to launch jets from the Navy’s newest aircraft carriers instead of the more modern electromagnetic system.

He has also complained to Phelan about the look of the Navy’s destroyers and decried Navy ships being covered in rust.

Phelan told senators at his confirmation hearing that Trump “has texted me numerous times very late at night, sometimes after one (o’clock) in the morning” about “rusty ships or ships in a yard, asking me what am I doing about it.”

On a visit to a shipyard that was working on the now-canceled Constellation-class frigate in 2020, Trump said he personally changed the design of the ship.

“I looked at it, I said, ‘That’s a terrible-looking ship, let’s make it beautiful,’” Trump said at the time.

He said Monday he will have a direct role in designing this new warship as well.

“The U.S. Navy will lead the design of these ships along with me, because I’m a very aesthetic person,” Trump said.



Source link

Continue Reading

Business

Waymo chaos during San Francisco power outage likely due to ‘operational management failure’ instead of software flaw, expert says

Published

on



Many of Waymo’s self-driving cars blocked streets of San Francisco during a mass power outage Saturday and forced the company to temporarily suspend service, raising questions about the cars’ ability to to adapt to real-world driving conditions.

Social media users posted videos of Waymos as they encountered traffic lights that were off. Some cars’ hazard lights blinked and they abruptly stopped in place, failing to cross the intersection. Others stopped in the middle of the intersection, forcing other cars to swerve around them.

The power outage affected 130,000 homes and businesses in San Francisco, nearly one-third of the customers served by Pacific Gas and Electric Co. It was caused by a fire at a power substation, officials said. On Monday, the utility company was still working to restore power to thousands of customers.

Waymo operates hundreds of robotaxis in San Francisco, but it wasn’t clear how many cars were on the road at the time of the outage. The company paused service Saturday evening and resumed it Sunday afternoon.

The road-blocking problems that prompted Waymo to suspend its service during the weekend power outages revived concerns that city officials raised about the robotaxis periodically coming to abrupt and inexplicable stops before California regulators approved them as a commercial service in August 2023.

Tyler Cervini, who lives in the Mission District, said he was calling an Uber to bring him to the airport since his train station was not operating due to the outage. At the traffic light outside his apartment, there were five Waymos crowding the intersection, he said.

He got into his Uber right outside where all the Waymos were, but his driver “had to swerve through them to pick me up,” Cervini said. “He seemed extremely frustrated by what was going on.”

Waymo said that its vehicles are designed to treat nonfunctioning traffic signals as four-way stops, but the scale of the outage created unusual conditions.

“While the failure of the utility infrastructure was significant, we are committed to ensuring our technology adjusts to traffic flow during such events,” a Waymo spokesperson said. “Throughout the outage, we closely coordinated with San Francisco city officials.”

The company said most active trips were completed before vehicles were safely returned to depots or pulled over.

Philip Koopman, professor emeritus at Carnegie Mellon University and expert on self-driving vehicle safety, said the scale of the traffic disruption was concerning. Autonomous vehicles are generally programmed to come to a stop if they are unsure or confused on what to do and ask for remote assistance, he said.

Koopman said it did not appear to be a software failure in the cars themselves, but an “operational management failure” where the company did not have the capability to deal with so many robotaxis needing assistance at once.

Waymo should have suspended service earlier — as soon as their vehicles started having issues, he said.

“If you have thousands of robotaxis that stop, you have a problem,” he said. “What if this had been an earthquake? You would have thousands of robotaxis blocking the road.”

Waymo, which started as a secret project within Google in 2009, has steadily expanded its operations in San Francisco while also introducing its robotaxis into other California cities such as Los Angeles and San Jose, in addition to other U.S. markets in Texas, Arizona, Florida and Georgia.

In the months leading up to the approval from the state’s Public Utilities Commission, San Francisco’s transportation and fire department leaders flagged dozens of reports about robotaxis coming to standstills, blocking traffic.

Besides inconveniencing other drivers trying to get to their destinations, the road-blocking robotaxis were viewed as a possible impediment in life-threatening emergencies when firefighters and police officers were responding to calls for help.

Waymo’s fleet of robotaxis is on pace to complete more than 14 million rides this year, more than tripling from last year, according to the company.

California is considering expanding approval for heavy-duty autonomous trucks and vehicles carrying up to 15 passengers to operate, a move opposed by unions representing truck drivers.

Shane Gusman, director of Teamsters California, called the Waymo disruption “a clear warning that turning our roads and lives over to autonomous vehicles is premature and dangerous.”

“We live in a state where blackouts, wildfires, floods and earthquakes affecting power and roadways are all too common,” Gusman said in a statement. “AVs stalled in streets and intersections threaten the safety of AV passengers, and others on the road, and inhibit emergency response when we need it most.”

This story was originally featured on Fortune.com



Source link

Continue Reading

Trending

Copyright © Miami Select.