{"version":1,"type":"story","url":"https://digestai.news/story/eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google","json":"https://digestai.news/story/eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google.json","markdown":"https://digestai.news/story/eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google.md","slug":"eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google","headline":"Eric Schmidt says Anthropic growing more than twice as fast as Google did","summary":"Former Google chief Eric Schmidt told Norway's sovereign wealth fund head Nicolai Tangen on the In Good Company podcast that artificial intelligence \"is not a bubble,\" pointing to Anthropic's rapid revenue growth. He said the company is expanding \"more than twice the speed\" they did when he led Google, and noted his own financial stake – Bloomberg reported he owns about 1% of Anthropic, a holding potentially worth $15 billion to $20 billion ahead of its anticipated IPO.\n\nAnthropic disclosed that third‑quarter revenue jumped 45% to $16.8 billion, up from $11.6 billion in the prior quarter and $4.7 billion in the first. The firm said it was profitable on an adjusted basis, though growth slowed after more than doubling between the first and second quarters. A draft IPO prospectus reviewed by Reuters showed an $80.7 billion net loss in the first half of 2026, including a $72 billion non‑cash accounting charge, and the company spent nearly $9 billion on computing and infrastructure while committing at least $518 billion over a decade. Schmidt warned that free Chinese models could capture most global users, and Polymarket traders assigned a 9% chance of an AI‑industry downturn by Dec. 31, with nearly $2.5 million traded.","keyPoints":["Anthropic Q3 revenue rose 45% to $16.8 billion, up from $11.6 billion and $4.7 billion earlier.","Company posted an $80.7 billion net loss in H1 2026, with a $72 billion non‑cash charge and $9 billion computing spend.","Eric Schmidt, owning about 1% of Anthropic, says its growth is more than twice Google’s rate when he led the firm."],"whyItMatters":"Anthropic’s rapid revenue rise and huge losses illustrate the high‑cost, high‑reward dynamics of the AI race, shaping investor sentiment and competitive strategies.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Anthropic","Google","Alphabet Inc.","Bloomberg","Polymarket","Nvidia Corp."],"models":[],"people":["Eric Schmidt","Nicolai Tangen"]},"firstPublishedAt":"2026-10-22T05:30:00Z","updatedAt":"2026-10-22T15:13:16Z","sourceCount":2,"hasPrimarySource":false,"sources":[{"outlet":"finance.yahoo.com","title":"Eric Schmidt Rejects AI Bubble Fears, Says Anthropic Is Growing Twice as Fast as Google Did","url":"https://finance.yahoo.com/technology/ai/articles/eric-schmidt-rejects-ai-bubble-150410786.html","publishedAt":"2026-10-22T05:30:00Z","type":"press","primary":false,"lead":true},{"outlet":"vectorwire.ai","title":"Schmidt's ~1% Anthropic stake traces to 2021 Series A bet","url":"http://vectorwire.ai/article/schmidt-s-1-anthropic-stake-traces-to-2021-series-a-bet-8e09dd","publishedAt":"2026-10-22T15:13:16Z","type":"press","primary":false,"lead":false}],"sourceNotes":null,"discussions":[{"site":"Reddit","url":"https://www.reddit.com/r/artificial/comments/1xcladb/schmidts_1_anthropic_stake_traces_to_2021_series/","points":null}],"thread":{"title":"Anthropic Launches Claude 5.5 Suite Across Clouds","url":"https://digestai.news/thread/claude-sonnet-5-5-rivals-opus-with-thinking-budget-settings","storyCount":9},"cite":{"text":"Digest AI, \"Eric Schmidt says Anthropic growing more than twice as fast as Google did\", 22 October 2026, https://digestai.news/story/eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google","publisher":"Digest AI","title":"Eric Schmidt says Anthropic growing more than twice as fast as Google did","datePublished":"2026-10-22T05:30:00Z","url":"https://digestai.news/story/eric-schmidt-says-anthropic-growing-more-than-twice-as-fast-as-google"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}