American billionaire investor Mark Cuban has now issued a stark warning for business leaders about the risks and opportunities of artificial intelligence. Along with this, Cuban has also cautioned that while AI can transform companies, its careless use could expose valuable intellectual property. Speaking during a call with Clipbook founder Adam Joseph, Cuban said that the growth of AI will lead to the creation of “two types of companies: those who are great at AI, and everybody else.” He believed that the companies failing to embrace AI are “doomed to failure” as the technology reshapes industries.
‘AI is stupid, but remembers everything’
Cuban further described AI as ‘stupid’ but likened it to a savant which ‘remembers everything’. He also emphasised that while AI tools can deliver immense benefits, but they are also prone to errors and overconfidence, making it critical for executives to understand the nuances between different platforms rather than trading them as interchangeable.As per Cuban, the misuse of AI could turn a powerful tool into a costly distraction. He also warned the CEOs against indiscriminately sharing proprietary work online, noting that web-scraping chatbots could inadvertently absorb and lead sensitive data. Protecting intellectual property, he said, must be a top priority in the AI era.Cuban has acknowledged the hype around AI and also stressed on the limitations. He pointed out that businesses often underestimate the potential risk of falling behind. Along with this, he also urged the leaders to adopt AI strategically and combine technological foresight with strong governance and data protection.
Billionaire Mark Cuban has a ‘success tip’ for students
Recently, Mark Cuban said that students these days use artificial intelligence (AI) excessively to ask the “right questions”. However, he said that students should not rely much on AI. Instead, they must use AI to enhance their own critical-thinking skills, rather than replace them. “They use strong inputs and apply critical thinking to evaluate results,” he said adding “AI helps students think bigger, but it doesn’t make decisions”.In an interview with CNBC’s Make It last year, Cuban said that tomorrow’s leaders might be today’s AI-obsessed kids. “Students who use AI will produce better, more creative work and gain a collaborative relationship with technology that’s needed in the future workplace,” he said adding: “Students who use AI will be best equipped to lead.”
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