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Billionaire Mark Cuban believes that synthetic intelligence will result in the world’s first trillionaire. The former investor on the TV present “Shark Tank” says this degree of wealth will come from a future services or products that’s powered by AI.
“We haven’t seen the best, or the craziest, of what it’s going to be able to do,” he stated on an episode of the High Performance podcast. “Not only do I think it’ll create a trillionaire, but it could be just one dude in the basement. That’s how crazy it could be.”
The 66-year-old investor says AI “dwarfs” earlier applied sciences, such because the web and cell phones, by way of the variety of enterprise alternatives it unlocks. AI’s accessibility additionally implies that these alternatives can be found to a wider vary of individuals.
However, we’re nonetheless within the “preseason” part, as probably the most revolutionary use instances are but to return.
“Somebody will come up with a new way to utilise it in a way we never thought about before,” he advised podcast hosts Jake Humphrey and Professor Damian Hughes.
However, Cuban says we don’t but have to fret about superintelligence — AI techniques that outcompete people — which the likes of OpenAI and Meta are in a race to develop.
“I’m not saying we’re going to get the Terminator,” he stated. “I’m not saying that all of a sudden, there are going to be robots that are smarter than people… But we’ll find ways to make our lives better.”
AI will assist wannabe entrepreneurs develop their concepts
Cuban believes AI received’t simply spark new companies constructed across the know-how; it would additionally help beginner entrepreneurs of assorted backgrounds as they develop their concepts, appearing as an on-demand enterprise professional.
“You can go to ChatGPT and just say, ‘Hey, has anybody tried this idea before? And if so, show me who and what and how it works,’” he defined. “And if ChatGPT or Gemini come back and say, ‘Nope, we can’t find anybody who’s done it,’ it’s like, okay, maybe this is a unique good idea.”
“And you then return to the AI, and also you say, ‘Write me a business plan.’ And you then simply carry on iterating it over and over and over.
“Which means, you know, since these apps are free for the most part to try, any kid any age — 10, 12, 15, 20, 30, 80, 90 — can use these tools now to do things that you might have needed a business education for before.”
Regulators need to give attention to AI output slightly than the fashions themselves
The billionaire investor additionally weighed in on how the US authorities ought to strategy AI regulation, arguing that it’s unrealistic to police the fashions themselves since beginner builders will at all times discover methods to construct unregulated alternate options, comparable to jailbroken variations.
“Any kid can take a PC and download open-source versions and create their own version, and there’s nothing anybody can do about it,” Cuban stated. “And if they do something that’s bad, you ain’t going to stop it.”
He went on to say that the outputs, the AI-generated materials, are the very best touchpoints for regulation: “You can’t stop people from buying Bitcoin or using Bitcoin, but if they try to buy something illegal or do something illegal with it, you can focus on that,” he stated. “I think AI is the same way.”
Cuban isn’t the one “Shark Tank” star excited about AI. Read on our sister website TechRepublic why Kevin O’Leary is constructing the world’s largest AI-powered knowledge centre in…
