Why Eric Schmidt became an AI cold war hype master

Eric Schmidt has prodded the Pentagon for years to hurry along its software-buying process. Today the AI tech investor and former Google CEO is more determined than ever to urge government decision-makers to pick up the pace, but not just when it comes to buying more software for the Defense Department. Schmidt wants the government to implement his sweeping blueprint to fight what he considers an existential threat to democracy posed by China's AI plans, an effort that could also bolster his own commercial AI interests. He says the U.S.'s national security and economic leadership are dependent upon spending billions to procure smarter software, bolster AI research, and build the country's computer science talent pool. And he says he knows better than the Pentagon itself how to remove the bureaucratic blockades preventing more agile use of AI by the government. But at the same time, Schmidt's venture capital firm Innovation Endeavors has invested in companies that have received multimillion-dollar contracts from federal agencies. Some of those investments and contracts -- reported here for the first time -- were granted between 2016 and 2021 while Schmidt chaired two influential government initiatives, the Pentagon's Defense Innovation Board and the National Security Commission on Artificial Intelligence.