Part 6/12:
Schmidt notes that large language models and exponential technological progress could democratize access to intelligence, potentially placing Einstein-like cognitive abilities into everyone's pocket. The widespread deployment of affordable smartphones, combined with satellite internet like Starlink, "could transform every individual into a genius."
From an economic perspective, Schmidt projects that AI could generate up to $15 trillion in value by 2030, shifting global wealth from capital to computational intelligence. Countries and firms that rapidly adopt AI technologies will benefit disproportionately, leading to network effects that concentrate power among early adopters and resource-rich nations.