Eric Schmidt on US capital markets
From Eric Schmidt Talks AI, TikTok | Bloomberg Talks · · Bloomberg Podcasts
“Let's start by saying the US capital system is extraordinary. You can raise billions of dollars based on an idea and a promise of a scale business. Let's not screw that up. The second thing is let's not regulate these companies before they do something. Give them a chance to figure out how to monetize these spaces and build new businesses.”
On , Eric Schmidt, Co-founder of Schmidt Futures at Schmidt Futures, spoke about US capital markets during Eric Schmidt Talks AI, TikTok | Bloomberg Talks on Bloomberg Podcasts.
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."