Who to better predict the future of the Internet than Google? Thus, the Google boss has given his prognosis on what the Web will be like in 5 years. According to Google’s Eric Schmidt, ‘Chinese language will dominate the Web’ and that social media will reign supreme.

The Google CEO believes the Internet will take a different look in five years, more along the lines of Chinese content and Chinese characters, among others. The Internet will be offering seamless transition between applications. He says ‘broadband will improve so much that the technical distinctions between radio, TV, and web will disappear.’ In 5 years, broadbands will be ‘well above 100MB in performance – and distribution distinctions between TV, radio and the web will go away.’ The age of ‘super fast bandwidth in real time’ is in the offing. Social media will rule the day, as opposed to the old traditional media. ‘Figuring out how to rank real-time social content is “the great challenge of the age,” says Schmidt.

As for his company Google, he reveals that ‘Google is trying to rank real-time search info, that it’s making “significant money” on YouTube, and that a Google Netbook will hit next year.’ The Google OS Netbook will be available in 2010. This will have HTML5 local caching for offline use. As far as its manifest destiny dictates, Google’s roadmap sees a clear path from Chrome OS to Google Social Search.

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Via ReadWriteWeb