Eric Schmidt on China operations
From Schmidt Says Google-News Corp. in Friendly Conversations: Video · · Bloomberg Originals
“China of course is difficult to operate in because they have some rather Draconian laws that we are unfortunately forced to adhere to and there are other reasons to think that there might be some favoritism but overall we think that operating in China is pretty important because the Chinese citizen benefits from more information and although it's true that we're number two there's evidence that we're gaining in market share and we're optimistic for the long term as our product get better as our brand get stronger we should do pretty well there.”
On , Eric Schmidt, Co-founder of Schmidt Futures at Schmidt Futures, spoke about China operations during Schmidt Says Google-News Corp. in Friendly Conversations: Video on Bloomberg Originals.
About Eric Schmidt
Eric Schmidt, the former CEO of Google and co-founder of Schmidt Futures, delivered the commencement address at the University of Arizona in May 2026. During the speech, he discussed the potential of artificial intelligence, stating that AI is "already accelerating research at a rate that we could not have imagined even 5 years ago" and that it is "designing new molecules, running simulations, identifying patterns in genomic data that no team of humans will uncover in a lifetime." He also acknowledged fears about technology, saying, "There is a fear in your generation... that the machines are coming, that the jobs are evaporating." Reports indicate that portions of his speech were met with boos from the graduating class. In other appearances, Schmidt discussed the global AI race, describing it as "really an energy race" and noting that the "current number one problem in the AI companies" is a "lack of data centers." He also commented on government concerns about AI, stating that governments "want to win, but they're also concerned about safety for their populations and can it be misused."