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Eric Braverman Leaves as CEO of Schmidt Futures

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Credibility Rating

3/5
Good(3)

Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.

Rating inherited from publication venue: Axios

Reports on leadership changes at Schmidt Futures, a philanthropic organization involved in AI/ML thought leadership, and the departure of its CEO to start a new charitable venture. Relevant as Schmidt Futures and Eric Schmidt are significant actors in AI governance and policy discussions.

Metadata

Importance: 18/100news articlenews

Summary

Eric Braverman is departing as CEO of Schmidt Futures to launch a new charitable venture called Telescope, with seed funding from Eric and Wendy Schmidt. Elizabeth Young McNally and Stu Feldman will serve as co-CEOs of Schmidt Futures going forward. Schmidt Futures is a notable organization in machine learning and science-society initiatives.

Key Points

  • Eric Braverman is leaving Schmidt Futures to start a new public charity called Telescope, backed by seed funding from the Schmidts.
  • Elizabeth Young McNally (EVP of talent ventures) and Stu Feldman (chief scientist) will become co-CEOs of Schmidt Futures.
  • Schmidt Futures focuses on mobilizing talent and building platforms for science and society, including machine learning.
  • Eric Schmidt is noted as being in high demand for his AI expertise, signaling continued Schmidt family influence in the AI space.

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Aug 15, 2023 - Technology First look: Eric Braverman leaves as CEO of Schmidt Futures

 Mike Allen 
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 Eric Braverman is leaving as CEO of Schmidt Futures , the philanthropic initiative co-founded by Eric and Wendy Schmidt, to pursue his own charitable venture.

 Why it matters: Schmidt Futures — with the mission of mobilizing talent and building platforms for science and society — is one of the top thought leaders on machine learning and other cutting-edge topics.

 The Schmidts plan to support the new venture, Telescope, with seed funding, officials tell Axios.
 What's happening: Elizabeth Young McNally, Schmidt Futures' EVP of talent ventures, and Stu Feldman, the group's chief scientist, are stepping in as co-CEOs, the staff was told Tuesday. 

 Eric Schmidt , Google's former CEO, is in hot demand for his expertise on artificial intelligence. 
 Wendy Schmidt is a philanthropist and investor who has spent the past 17 years creating innovative nonprofits.
 What they're saying: The Schmidts said in a statement that they appreciate Braverman's "energy in building Schmidt Futures and the visibility he brought to addressing pressing issues with bold initiatives we have funded through the organization."

 "We are looking forward to what Eric will accomplish with his new public charity and intend to provide initial seed support for his early projects while we continue our own work at Schmidt Futures."
 Braverman said: "I am grateful to Eric and Wendy Schmidt for their exceptional generosity in supporting our work."

 "In the coming weeks I plan to announce some exciting new plans with Telescope and look forward to sharing what this new team will be doing on behalf of others." 
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