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Inside Blackstone · 4 min · Sep 29, 2026
Long reasoning is advancing, but original discovery remains hard
Eric Schmidt describes models reasoning for hours and explains why genuine scientific leaps are still a challenge. He doubts superintelligence will arrive in two years, citing limits in compute, people and algorithms.
Eric Schmidt is CEO and chair of Relativity Space, former Google CEO.
Scaled Google as CEO through 2011, now runs rocket maker Relativity Space and co-founded Schmidt Sciences.
- CA
Christine Anderson, Host · Global Head of Corporate Affairs, Blackstone
About this segment
Eric Schmidt describes models reasoning for hours and explains why genuine scientific leaps are still a challenge. He doubts superintelligence will arrive in two years, citing limits in compute, people and algorithms.
From “Former Google CEO Eric Schmidt: The Road to Superintelligence”, Sep 29, 2026. Watch the full episode
Answers “What will AI look like in the next few years?” See all 45 answers
Answers “Is AI progress slowing down?” See all 5 answers
Thanks. We'll look at and fix what's off.
“The biggest and most important thing that has occurred in the last year is the arrival of long reasoning, deep reasoning.”
Eric Schmidtat 16:43 · Inside Blackstone16:43Takeaways
- Long reasoning can run for hours and follow thousands of steps.
- He uses recreating Einstein’s discoveries from 1902 knowledge as a test.
- Schmidt estimates the leap may take a decade, not two years.
In this episode
Full episode- 11:59AI self-improvement raises an alignment problem4:50
16:38Long reasoning is advancing, but original discovery remains hard4:08
- 24:38AI data centers are changing software economics and operations2:57Up next
- 4 more moments in the full episode
Transcript
From the transcript Inside Blackstone publishes with the episode.
- 16:45
What's the buzziest thing that you were hearing about this summer in the AI circles? The biggest and most important thing that has occurred in the last year is the arrival of long reasoning, deep reasoning. And when I say long reasoning, I mean eight hours of reasoning. So, what would happen is that you would start a year ago or two and it could kind of begin thinking and then it would start thinking about something else.
- 17:10
Get distracted, like I do? We can make it feel like human, but somehow it takes a wrong path. It decides that instead of talking about math, we're going to talk about French literature. That's hilarious. Something which doesn't make any sense right? Right. Right. That problem was solved using essentially technical guardrails for what it kept thinking, so they said stay focused, stay focused, stay focused, is the way to understand it and that produced the ability to ask very, they're called chain of thought trains, where you can basically see its thinking how it solved a problem and these chains can be a thousand steps, two thousand steps.
- 17:50
Now why am I mentioning this? I don't know about you, I can't think a thousand steps. I just don't, I'm just not that smart, but it can. So, it looks like deep reasoning will allow you to see deeper, as a human, than a human. The best AI is in service of humans doing things that humans are not so good at. So artificial superintelligence, how will we know we've achieved it and what do you think the timeline is?
- 18:15
So, most people believe, right now, that we're at the beginning of superintelligence, which is broadly defined as humans plus super smart computers working together, right? There are more technical definitions. Now today, vision is better, data storage is better, retrieval is better and analytical stuff should be better and proofs are getting better. So, we're at the beginning of that. What is the thing that is not obvious how to do?
- 18:46
And the answer is real discovery. So, the test that's used in the industry is, could you take all the information that's known in 1902, put it into a computer, and have it generate general relativity, special relativity, Einstein, 1902-1904? The consensus right now is no. And the consensus is no because it required a leap that was not obvious from any knowledge that existed at the time, okay? So, in the industry, we say, well, how would we solve that?
- 19:22
Well, there's an obvious way, which is you take the computer and you just say, keep trying, you know, just it's the monkey with the keyboard eventually produces Mozart, but it takes a long time. I don't think that's gonna work because it's computationally not realistic. A better idea is to invent something which allows for analytical reasoning in non-coherent spaces. So, think of it as a leap. I happen to understand something in physics, and then you give me a completely unrelated problem, and somehow… Something clicks. …something clicks.
- 19:57
You know, it's like in my case, in the morning you're in the shower, and you have this idea… Right. …that just showed up. Can we invent that? So, do you think these leaps are coming faster than we realize? The kind of leaps I'm talking to have not occurred yet. There's something called the San Francisco Consensus, by me anyway, and everyone in San Francisco thinks this will occur in two years. I don't. For one thing, I don't think there's enough computers, I don't think there's enough people, I don 't think that there's enough algorithms.
- 20:26
I think maybe in my lifetime, maybe in a decade. That would be a big deal. But each of these moments, they’re happening so fast now. And by the way, it's fast because of the internet. It's because of what is called basically scalable computing.