Thursday, March 28, 2024

Billionaire Mark Cuban Says If He Were To Start A Business Today, It’d Be This

He may be done spearheading new businesses, but that doesn’t mean billionaire entrepreneur and “Shark Tank” judge Mark Cuban doesn’t know a killer concept when he sees it.

Cuban told Recode’s Peter Kafka that if he were to start a business today he’d build it around Alexa and Google Home. Both based on Artificial Intelligence.

“If I was 15 or 20 or 25, and you know, back in the day when I was working as a bartender and started a company, I would learn … because Alexa skills and scripting Alexa skills is really, really easy. But everybody thinks it’s really, really hard. And so that disconnect is a great opportunity,” said Cuban.

Scripting, by the way, is essentially coding for voice commands.  Scripting is the new HTML. Or something.

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“As big as PCs were an impact, as big as the internet was, AI is just going to dwarf it,” adds Cuban. “And if you don’t understand it, you’re going to fall behind. Particularly if you run a business.”

He says there’ll be a day when people take AI for granted, like we do the internet.

“But if you don’t know how to use it and you don’t understand it and you can’t at least at have a basic understanding of the different approaches and how the algorithms work, you can be blindsided in ways you couldn’t even possibly imagine.”

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And if you’re the type who’s afraid of the robots taking over, Cuban says new technology comes with new problems.

“That happens with every technology. Just look at the internet. “What a great way for everybody to communicate. The world is gonna be a better place because of the internet. Facebook, oh my goodness, right? We’re gonna get social, our friends will be able to connect.’ There’s always a downside.”

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