Internet

Google's executive chairman Eric Schmidt has predicted the end of the Internet as we know it - but said technology would lead to new jobs for people.

Speaking at the World Economic Forum in Davos, Switzerland, he was asked for his prediction on the future of the Web.

'I will answer very simply that the Internet will disappear,' Schmidt said.

'There will be so many IP addresses…so many devices, sensors, things that you are wearing, things that you are interacting with that you won't even sense it,' he explained, according to Hollywood Reporter.

'It will be part of your presence all the time.

'Imagine you walk into a room, and the room is dynamic.

'And with your permission and all of that, you are interacting with the things going on in the room.'

He said the move would be a big opportunity for technology firms, saying: 'A highly personalized, highly interactive and very, very interesting world emerges.'

The panel, entitled The Future of the Digital Economy, also featured Facebook COO Sheryl Sandberg and others.

Schmidt also claimed advances in technology will create a wave of new jobs and dismissed suggestions that innovation threatened a generation of workers.

He said that for every job created in the sector, there were seven more created in non-technology roles, and claimed that a digital single market in Europe would help to create 4m new jobs.

'What happens to the job that is lost?