Great Chat

Dear Graduates: we’re sorry about the Schmidt speech

May 20, 2026·41 min
Episode Description from the Publisher

Eric Schmidt delivered a pitch for AI to the University of Arizona graduating class—and the audience was not having it. We break down the nuance behind those boos, and grapple with the reality that no tech leader could have delivered a rousing AI speech in this moment. On the bright side, Schmidt sent us down a fun rabbit hole, reviewing some of the best commencement speeches in recent history (RIP Steve Jobs). Plus: the most boring possible verdict in the Musk v. Altman showdown, the tweet about the SF wealth gap that broke our group chats, and the doomsday vibes at Meta. Mercury is back as the headline sponsor for year two of Great Chat. Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. This podcast is edited by Eric Johnson from ⁠LightningPod

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