Artificial intelligence is the key to becoming a trillionaire, according to Mark Cuban.
The billionaire Dallas Mavericks owner and entrepreneur spoke Sunday to a packed house at the South by Southwest Conference and Festivals in Austin, boldly predicting what profession will generate the world’s first trillionaire.
The challenge is going to be finding ways to prevent jobs from being phased out and eliminated by machines.
“I am telling you, the world’s first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of,” Cuban said, according to CNBC.
Critical thinking, philosophy, and other assets will be more highly valued than technical skills because all of that will be automated.
The challenge is going to be finding ways to prevent jobs from being phased out and eliminated by machines. That includes CPAs, accountants and other professions.
Philosophy will become more important, Cuban predicts.
For now, Microsoft founder Bill Gates remains the richest man in the world with $85 billion. Exponential growth in computing power and big data will lead to greater use of AI in the insurance industry, for example.
SXSW | GOVERNMENT AND TECH INNOVATION PANEL
Here’s a roundup of highlights from the panel:
Mark Cuban thinks the world’s first trillionaire will work in artificial intelligence
Cuban concluded his talk at SXSW by encouraging the audience members to think about how the labor market could accommodate all the lost jobs that such AI research could produce, reports Business Insider.
Mark Cuban on pitching, predictions, and the President: ‘Disrupters are everything’
The focus of Mark Cuban’s Q&A at South by Southwest was supposed to be about government disruption, but Cuban had a few other topics in mind, reports MacWorld. Here are five standout anecdotes, stories, and lessons he decided to share.
Why Mark Cuban Changed His Mind About Snapchat
“I’m a believer that if you can go public, you do go public,” Cuban said. “Why? Because it gives liquidity to your employees, to your investors but it also gives you a stock that’s liquid to make acquisitions, to invest, to raise more money.”
Mark Cuban on Trump and Tech (Texas Monthly)
When it comes to dealing with government roadblocks, Cuban encouraged inspiring entrepreneurs not to concern themselves too much with regulation at first. He said sometimes you have to be “ready, fire, aim,” asking for forgiveness instead of asking for permission, reports Texas Monthly.
[ Illustration: Mark Cuban photo; bluehousestudio via istockphoto ]
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