Monday, July 16th, 2012. Aspen, CO, USA

7:00 PM

What is the future of Silicon Valley and the technology industry? Two of the Valley’s most successful thinkers and doers debate.

Eric Schmidt, Executive Chairman, Google
Peter Thiel, Technology Entrepreneur, Investor, and Philanthropist

Referee: Adam Lashinsky, Fortune

Photograph by Kevin Moloney/Fortune Brainstorm Tech

ISSUE – Oct. 28 | Peter Thiel isn’t so sure self-driving tech is a good investment

Billionaire investor Peter Thiel doesn’t like investing in trends, he’s fond of saying. It’s a mantra he repeated this week at the Future Investment Initiative, an investment forum in Riyadh, Saudi Arabia, where he took the stage with journalist Maria Bartiromo. Asked about where he’s investing, he noted that he’s looking outside of Silicon Valley largely, but he suggested he doesn’t put much stock in “buzzwords” like SaaS software or virtual computing or augmented reality or artificial intelligence. “Even though these trends may or may not happen, as investments, they’re dangerous,” he said. In fact, “when you hear buzzwords, you should run away as fast as you can.” Otherwise, you’re left dealing with “many companies of that kind, and many competitors.” [ CrunchBase ]