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Shark Tank investor Mark Cuban is known for investing in multiple businesses and assisting young entrepreneurs on the ABC reality TV series. As per his official ABC bio, Cuban is the co-founder of the "first commercial streaming company AudioNet" which was then sold to Yahoo! Inc. in July 2000.
In a joint clip posted to Mark Cuban's and NYSE's official Instagram account on January 9, 2025, Mark discussed the potential of AI and how it can be used for businesses. Cuban stated that things will change "dramatically" once AI is able to "extract a new vision" and shift its focus to becoming more "entrepreneurial." He said:
"Let's work together, Mr. AI or Ms. AI, and come up with a better way and I think that's really you know, trying to extract a new vision from AI is really where things are going to change dramatically."
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The video is captioned as:
"Walk & talk with Mark Cuban after Shelly Palmer’s Innovation Series Breakfast."
Shark Tank investor Cuban is also the author of his best-selling book How to Win at the Sport of Business. Back in 1983, Mark founded MicroSolutions which was then sold to CompuServe. Apart from this, Mark Cuban has been nominated for 7 Academy Awards for Enron, The Smartest Guys In the Room, and Good Night and Good Luck as he invested in those films.
Shark Tank investor Mark Cuban talks about the role of AI in businesses
In the short Instagram clip, Shark Tank investor Mark Cuban mentioned that these days AI is being used for work that the majority of people are "already doing."
Cuban reflected on the current role of AI in the modern world and how technological advancements have led to the usage of AI in our everyday lives. He also predicted the potential of AI and it being helpful for generating unique ideas. He said:
"well there are two types of companies, those who are great at AI and everybody else and the AI supremacists will win the day but the more important question is right now is people are using AI to try to optimize processes that are already in place to try to do the things that people are already doing."
The Shark Tank star shared that the "bigger question" is whether AI can be used for "entrepreneurial" purposes. Cuban suggested that in the future if AI can help young entrepreneurs and small business owners make good financial decisions, things "would change dramatically."
He gave an example of AI being used for optimizing and coming up with strategies for customer satisfaction and ways to enhance financial stability. He continued:
"The bigger question is can AI be entrepreneurial? Can you say to an AI hey I want to change, I want to come up with a new way of doing things that will optimize things for my customers and make me more money?"
Cuban implied that AI and business owners can work together in the future and team up to find the best results for their company. To get financial advice and guidance on how to start a business, the ABC show fans can follow Mark Cuban on his official Instagram account.
Shark Tank episodes are available to stream on ABC.
