If Cuban weren't already a billionaire, here's how he'd start over today. He'd design a new business around artificial intelligence.
This was the question Alex Kennedy recently posed when Cuban was a guest on his podcast, HoopsHype. He asked Cuban to imagine he had an average-paying 9-to-5 job, but had all the same knowledge he has now. What would he do to put himself in a better financial position?
Cuban was quick with an answer. He'd design a new business around artificial intelligence.
Bartend to cover the bills.
Cuban's
first order of business would be to make sure he had enough income to
make ends meet. He'd ditch the 9-to-5 and get a job as a bartender. This
would be enough to live on and would free up his days so he could start
a new business.
Become the go-to Alexa and Google Home guy.
Cuban
would start a business to set up people's voice assistants. He'd be
like a cable guy, but for Alexa and Google Home devices. Cuban would
install, configure, and configure all their devices so his customers
wouldn't have to learn how to do it themselves.
"I
could go out there and charge $25 to $50 an hour to do that," he says.
"It's not hard to learn. It's really easy to stay up-to-date with that,
but most people just don't do it."
Learn everything possible about artificial intelligence.
That
would be just a start. In the meantime, Cuban would begin learning
everything he possibly could about artificial intelligence. Because AI
is complex and technical, Cuban believes it's starting to create a world
of haves and have nots.
"It's
not just a hot area," he explains. "It's an important area and the
impact is going to be enormous." While larger companies such as Google
and Facebook have the resources and in-house staff who understand AI
deeply, small businesses do not.
Help small businesses leverage AI.
This
is the second business Cuban would start if he were to start from
scratch today. He'd help small businesses leverage AI to have the most
impact.
Because
most small business owners don't understand AI, can't afford to invest
in it, or don't have time to learn, Cuban sees an opportunity to fill
that gap. He believes companies that don't get plugged into artificial
intelligence now will quickly get left behind by those that do.
Comments
Post a Comment