News Summary: Google executive warns on tech

Associated Press

THE WARNING: Google's executive chairman, Eric Schmidt, says vast numbers of the world's population are missing out on the advantages brought by the Internet.

THE HOPE: Despite his concerns, Schmidt delivered an optimistic message at an event in Israel, saying that the tremendous growth of smartphones can quickly reduce the gaps between haves and have-nots.

ABOUT SCHMIDT: Schmidt was Google's chief executive from 2001 to 2011, transforming it into one of the world's largest and most influential companies. He stepped down as CEO last year and has been executive chairman since then.

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