Billionaire Mark Cuban is one of the world’s most famous investors thanks to the TV show “Shark Tank.” In a panel, the billionaire now has advice for members of Gen Z. If he were between 16 and 21 years old today, he would spend all day focusing on artificial intelligence. Especially one project that transforms texts into spoken podcasts with distributed roles excites Cuban: if he were 16 today, he would approach every company and sell them the product.
Mark Cuban is confronted with the question: During a panel, Cuban sits on stage and is confronted with a statistic. There are 70 million members of Gen Z in the USA, and 35 million, half of them, want to become entrepreneurs: What advice would Mark Cuban give to this next generation of entrepreneurs?
Cuban responds:
If I were 16, 18, 20, or 21 again today, I would spend every waking minute learning more about artificial intelligence. Even when I sleep, I would listen to podcasts focused on AI.
Cuban says: His entire social media feeds currently consist only of “AI Hacks” because everything is changing so quickly.
Cuban sees artificial intelligence as an incredibly lucrative field
Cuban sees this as an advantage: According to Cuban, it would be easy to get into the topic today because the entry barrier is much lower than before. In the past, one had to spend $5,000 on a PC; today, all you need is an internet connection.
Cuban advises to view artificial intelligence and programs like ChatGPT or Gemini as experts or mentors from whom one can learn:
Yes, you think they are hallucinating, but mentors make mistakes too.
You can also use AI tools as employees who even take care of sales talks for you. That’s completely crazy, Cuban exclaims.
Cuban is excited about AI tool that converts text into a podcast
As an example of the fantastic possibilities that AI offers to Gen Z today, Cuban mentions the program NotebookLM, which saves people the hassle of reading by turning a text into an audible podcast with distributed roles. According to Cuban, nobody likes to read anymore anyway.
The program is the craziest thing ever.
Cuban says: This is just one of the examples of what is possible today – and everything is changing so quickly.
If you start today, your brain will explode just by engaging with AI. And as an entrepreneur, you will find a million ways to use it to your advantage or to sell it to others.
This is how Cuban would earn his money today: Someone asked Cuban what profession he would work in if he were 16 again.
He says he would go to the podcast app and show every small business in his area the product and demonstrate how they can use the app to their advantage. Companies could:
- explain to every customer how their business runs
- reach and motivate their employees this way
- promote their products
Cuban says that for introducing and demonstrating this wonder program to clients, he would then charge $25 an hour.
According to Cuban, while artificial intelligence is not the answer, it is the right tool. 99.9999% of people would just mess around with AI. But those who invest their time properly in AI will be successful.
In this context, Cuban is sure that failure is also part of the path to success. It doesn’t matter how many times you stumble with an idea. You just need to have the right idea once, then everyone will think you are a genius.
How quickly everything changes and also Cuban’s opinion can be seen in that his tip for quickly making money looked a bit different six months ago than today’s podcast plan: Billionaire explains how he would become rich as a young person today – it’s simple and only requires a PC or a smartphone
