Eric Schmidt：若只能押注一个 AI 主题，他会选长推理
前 Google CEO Schmidt 在 Blackstone 访谈里押注长推理模型，理由是能连续解决一个问题几小时甚至几天的系统，价值还没被市场定价。做推理模型方向的开发者和投资人值得听听他的时间尺度判断。
Eric Schmidt 在 Blackstone 频道的访谈中提出，如果只能投资一个 AI 主题，他会选择做多"长推理"（long reasoning）。他的核心判断是：能让一个模型在同一问题上持续工作数小时乃至数天的系统，与"回答即停止"的传统模型是完全不同的东西。
他进一步指出，这一差异的定价在当前市场上仍被大多数人低估——也就是说，能长时间维持推理连贯性、任务分解与自我验证的模型，其商业价值尚未反映在估值中。这段表态与 OpenAI o 系列、DeepSeek-R1 等推理模型近年的方向一致，但把时间尺度从分钟级拉到了小时、天级。
Eric Schmidt: If I could invest in only 1 AI theme, it would be long reasoning.
A model that can stay on 1 problem for hours/days is a completely different thing from a model that answers and stops, and most people still have not priced that difference.
---- From "Blackstone and Eric Schmidt" YouTube channel, (link in comment)
This report is categorized under AITOP's "Industry" desk, focusing on US frontier AI labs and Silicon Valley technology leaders. Within our cross-regional analytical framework, it directly maps to AI developer toolchains, coding agents, and engineering workflows. Key entities and technical topics under continuous tracking include Eric Schmidt, reasoning models, OpenAI, DeepSeek-R1.
Source attribution: curated from rohanpaul_ai (@rohanpaul_ai). Cross-source corroboration: 11 independent sources have covered this development (including Bindu Reddy, Decoder, 宝玉), confirming industry-wide signal strength.
