In a recent conference talk Schmidt commented on the future of robotics, saying that robots will eventually "replace a lot of the repetitive behavior in our lives," according to Seeking Alpha. The chairman didn't discuss any specifics, however.
Google as a company has shown great interest in robotics in recent months. The company recently acquired a number of startups focused on robotics, with Boston Dynamics being one notable acquisition. Former head of Android Andy Rubin is also working with robotics with the company. There are also reports of Google working with Foxconn to create robots to further automate manufacturing.
Schmidt also commented on artificial intelligence at the conference, calling it "the biggest thing" going forward. "Technology is evolving from asking a question to making a relevant recommendation," he said. Google uses A.I. to suggest relevant information in its Google Now service, which Schmidt earlier said could be used for enterprise analytics in addition to personal use on smartphones and tablets.
Shares of Google were gaining 0.3% to $1,222.41.
Must read: 6 Ways Google (GOOG) Will Shape Our Future
TheStreet Ratings team rates GOOGLE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: