Eric Schmidt on news industry monetization
From Schmidt Says Google-News Corp. in Friendly Conversations: Video · · Bloomberg Originals
“We of course talk to News Corp all the time so it's it's it's not a it's a these are all friendly conversations and the News industry has a hard problem because the model that they've depended on has fallen to some degree less favorable as these new online models are taking off and we've been looking for ways of coming up with essentially monetization models where they get paid for it using powerful display ads other ways that they can actually get compensated for it the ultimate solution to the news industry is to develop new kinds of monetization new kinds of commercial products which when people are consuming news reading newspapers and so forth that essentially do the same thing that newspapers and magazines today do but they do it on an online basis.”
On , Eric Schmidt, Co-founder of Schmidt Futures at Schmidt Futures, spoke about news industry monetization 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."