"Five years ago I said the future will be apps on smartphones that use Google Maps, GPS, and do something useful. What I should have said was Uber."

Village Global Luminary LP Eric Schmidt on the business model behind the next hundred billion dollar companies:

"Five years from now? Systems that use fast networks, powerful machine learning, but they're going to do something else. They're going to use the crowd to learn something."

"I know nothing about dermatology. So I pay dermatologists $1 to categorize skin samples, put that into my machine learning system, and then sell the same service back to dermatologists. My system will be more accurate than the individual diagnosis."

"Crowdsource information in, learn it, sell it. That is a highly likely candidate for the next hundred billion dollar corporations.”