Ex-Google chief built 'oligarch-style empire' to influence AI, Biden White House and public policy: report

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Ex-Google chief built 'oligarch-style empire' to influence AI, Biden White House and public policy: report
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Former Google CEO Eric Schmidt has developed a network of investments and relationships that's allowed him to influence Washington, D.C., according to a new report.

from 2001 to 2011 and then as the tech giant's chairman until 2015. He subsequently worked as the executive chairman of Alphabet, the parent company of Google, until 2018, and as its technical adviser until 2020., launching an office in the nation's capital and registering its first in-house federal lobbyists.

Eric Schmidt, then chairman of the National Security Commission on Artificial Intelligence , speaks at the NSCAI Global Emerging Technology Summit on July 13, 2021, in Washington, D.C. Meanwhile, Innovation Endeavors invested in the rocket launch startup Astra, which in October 2020 was selected by theto pursue development of its Rocket 5.0 program. Schmidt, a vocal proponent of AFWERX's creation in 2018, has continued to promote the program through public testimony to Congress and following his stint as chair of the Defense Innovation Board.

"It's absolutely a conflict of interest," Walter Shaub, a senior ethics fellow at the Project on Government Oversight and a former director of the U.S. Office of Government Ethics, told CNBC last year."That's technically legal for a variety of reasons, but it's not the right thing to do." Beyond Innovation Endeavors, Schmidt also played a key role in at least four other venture capital firms, according to the Bull Moose Project's research. One of the firms was First Spark Ventures, which includes multiple biotech/biomedicine investments as part of its portfolio.

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