Eric Schmidt: AI Is No Bubble, Anthropic Outpaces Early Google

Former Google CEO Eric Schmidt dismissed AI bubble fears, citing Anthropic's revenue growth at more than twice the pace Google saw under his leadership. Anthropic's third-quarter sales topped $16 billion, while server costs hit nearly $9 billion in the first half and net loss exceeded $80 billion on noncash charges.

• Schmidt holds a 1% stake in Anthropic worth up to $20 billion pre-IPO
• Anthropic's third-quarter revenue surpassed $16 billion
• Server infrastructure spending reached nearly $9 billion in H1
• Reported net loss exceeded $80 billion on noncash charges