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Mark Cuban said that artificial intelligence is only in its early stages and has the potential to create great 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 biggest and most successful technology companies in the world were built at home: Steve Jobs founded Apple in the garage of his parents’ house, and Jeff Bezos also founded Amazon in his garage.
And thanks to artificial intelligence, the trend of developing blockbuster companies at home will certainly continue. Mark Cuban, the billionaire former principal owner of the Dallas Mavericks and Shark Tank star, recently said that AI could help make the world’s first trillionaire.
“We haven’t seen the best or craziest of anything [AI is] will be able to do,” Cuban told the High Performance podcast in an episode published last summer. “And not only do I think it will create a trillionaire, but it might just be one guy in the basement. That’s how crazy it can be.”
Take OpenAI, for example, which was formed in cofounder and president Greg Brockman’s living room in 2015. OpenAI is reportedly vying for an $800 billion valuation as it seeks more funding. Sam Altman, the CEO of OpenAI, is worth about $2 billion.
While this is far from AI creating the world’s first trillionaire, a September 2024 report from wealth tracking service Informa Connect said Tesla CEO Elon Musk is on track to become a trillionaire by 2027.
“There is always something bigger and better to be created by an innovative entrepreneur,” Cuban said. “But AI undermines all that.”
Cuban seems to strongly believe in the power of AI, saying that we are only in the “preseason” of what the technology can really do.
“As it gets more advanced—and I’m not saying we’re going to get the Terminator—I’m not saying that all of a sudden there will be robots that are smarter than people, like in the movie,” he said. High Performance. “But we will find ways to make our lives better, more interesting, to work better, more effectively.”
Cuban also said that he uses AI for almost everything. He gave an example of how he uses it to track health metrics as he suffers from atrial fibrillation (“A-fib”).
He had to track when he was taking medications and working, and used ChatGPT to help record him. He also asked ChatGPT to inform him if there is anything he writes that does not seem right or that he should be concerned about.