Billionaire Mark Cuban has predicted that the world's first trillionaire will be an entrepreneur who develops a successful artificial intelligence (AI) innovation. During an appearance on the "High Performance" podcast, Cuban made this prediction. While not naming a specific individual, the former "Shark Tank" judge suggested this future trillionaire could even be "one dude in a basement," emphasising that a solitary inventor with the right AI concept could achieve this financial milestone.
Mark Cuban on how AI will help make the world’s first trillionaire
In the podcast, Cuban said: “The technology is changing so quickly. Somebody will come up with a new way to utilise it in a way we never thought about before. But AI just dwarfs all that. We haven’t seen the best or the craziest of what it’s going to be able to do. And not only do I think it’ll create a trillionaire, but it could be just one dude in a basement. That’s how crazy it could be."
He also highlighted that this is only the “preseason” of AI's capabilities.
"Remember the early days of PCs and people were like, 'I don't need that. ... What's this internet thing? Why do we need it?' Then it was smartphones. We'll find something equivalent for AI and then, five years [later] ... people will be like, 'How did I live without it?' People will make a lot of money,” Cuban explained.
“I'm not saying we're going to get the Terminator. 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,” he added.
Currently, Tesla and SpaceX CEO Elon Musk is the world's richest individual, with an estimated net worth of $402 billion, according to Forbes. However, an Oxfam report cited by Tami Luhby of CNN Business suggests that Musk, along with Amazon founder Jeff Bezos , Oracle founder Larry Ellison, Meta CEO Mark Zuckerberg, and LVMH CEO Bernard Arnault and his family, could reach trillionaire status within the next ten years.
Mark Cuban on how AI will help make the world’s first trillionaire
In the podcast, Cuban said: “The technology is changing so quickly. Somebody will come up with a new way to utilise it in a way we never thought about before. But AI just dwarfs all that. We haven’t seen the best or the craziest of what it’s going to be able to do. And not only do I think it’ll create a trillionaire, but it could be just one dude in a basement. That’s how crazy it could be."
He also highlighted that this is only the “preseason” of AI's capabilities.
"Remember the early days of PCs and people were like, 'I don't need that. ... What's this internet thing? Why do we need it?' Then it was smartphones. We'll find something equivalent for AI and then, five years [later] ... people will be like, 'How did I live without it?' People will make a lot of money,” Cuban explained.
“I'm not saying we're going to get the Terminator. 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,” he added.
Currently, Tesla and SpaceX CEO Elon Musk is the world's richest individual, with an estimated net worth of $402 billion, according to Forbes. However, an Oxfam report cited by Tami Luhby of CNN Business suggests that Musk, along with Amazon founder Jeff Bezos , Oracle founder Larry Ellison, Meta CEO Mark Zuckerberg, and LVMH CEO Bernard Arnault and his family, could reach trillionaire status within the next ten years.
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