Calling AI ‘underhyped,’ Eric Schmidt believes Google will be able to monetize AI answers and improve advertising.

“Google is not about blue links. It’s about organizing the world’s information,” according to former executive chairman and CEO of Google Eric Schmidt, speaking earlier today on CNBC.

Schmidt was asked about the “blue link economy,” and all the brands and businesses that have benefited from Google Search. But Google is changing. In the new world, AI will provide answers, not a list of websites for people to click on and find the answer for themselves.

Why we care. While Schmidt is no longer in a leadership role at Google, he knows better than most what Google is likely to look like in the next few years. Meanwhile, current Google CEO Sundar Pichai has indicated search as we’ve known will substantively change within the next decade – including most recently when he said it is evolving toward Search Generative Experience.

AI and advertising. Schmidt believes Google will be able to monetize AI answers and AI will improve advertising:

• “What better tool than the arrival of AI to do that better? Do you think you can monetize that? You betcha. Much of the early work that I did when I was there was using early versions of advertising AI to make the advertising more effective. Unless you think advertising is going to go away, which I don’t think, AI makes it more powerful, not less powerful.”

AI underhyped. Also of note, the arrival of a non-human form of intelligence is almost here. Schmidt thinks AI is actually “underhyped”:

• “It’s coming, it’s here, it’s about to happen. It happens in stages. … We used to say 20 years. Now within five,” Schmidt said.