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Mark Cuban said artificial intelligence is only in its infancy And has the potential to create huge wealth – possibly even the world’s first trillionaire. He uses AI extensively in his personal life and sees it as a powerful tool to improve productivity and creativity. Still, he acknowledged the risks and limitations of AI.
Some of the world’s biggest and most successful tech companies were built at home: Steve Jobs founded Apple in his parents’ garage, and Jeff Bezos founded Amazon in his garage.
And thanks to artificial intelligence, the trend of developing blockbuster companies at home is sure to continue. Mark Cuban, billionaire former principal owner of the Dallas Mavericks and Shark Tank The star recently said that AI could help create the world’s first trillionaires.
“We haven’t seen the best or the craziest [AI is] will be able to,” Cuban said High performance Podcast in an episode published last summer. “And not only do I think it’s going to create a trillionaire, but it could be a dude in the basement. That’s how crazy it could be.”
Take OpenAI, for example, which was formed in 2015 in the living room of cofounder and president Greg Brockman. OpenAI is reportedly in the running for an $800 billion valuation as it seeks additional funding. Sam Altman, CEO of OpenAI, is worth about $2 billion.
It’s a long way from AI making the world’s first trillionaire, with a September 2024 report from wealth tracking service Informa Connect saying Tesla CEO Elon Musk is on pace to become a trillionaire by 2027.
“There is always something bigger and better that is created by an innovative entrepreneur,” Cuban said. “But AI dwarfs them all.”
Cuban seems to strongly believe in the power of AI, saying that we’re only in the “preseason” of what the technology can really do.
“While it’s going to get more advanced — and I’m not saying we’re going to get Terminators — I’m not saying that there will suddenly be robots that are smarter than people like in the movies,” he said. High performance. “But we will find ways to make our lives better, more interesting, work better and more efficiently.”
Cuban also said that he uses AI for almost everything. He gave an example of how he uses it to track health metrics as a sufferer of atrial fibrillation (“a-fib”).
He had to track when he was taking medication and exercising, and used ChatGPT to help record this. He also asked ChatGPT to let him know if anything he wrote was incorrect or if he should be concerned.
