Eric Schmidt Rejects AI Bubble Fears, Says Anthropic Is Growing Twice as Fast as Google Did

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Google CEO Eric Schmidt says artificial intelligence "is not a bubble," pointing to Anthropic's explosive revenue growth as evidence that customers are paying for technology they find useful. "When I was CEO at Google, we set the revenue growth record. They smashed it more than twice the speed as we did," Schmidt told Nicolai Tangen, head of Norway's sovereign wealth fund, on the In Good Company podcast. "That's real growth there. It's not fake. It's real money with real customers who are paying for something useful in their eyes." Don't Miss: A single bad hire can set a startup back years.