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We attended the Variety annual Entertainment Summit at CES and got the opportunity to see entrepreneur, Maverick, and Shark Tank investor Mark Cuban share his thoughts on the development of artificial intelligence technology. Cuban was clear, he sees AI as a national priority and thinks there is an urgency similar to the 1960’s space program to invest.

AI’s Potential

Speaking at the CES 2020 event in Las Vegas, Nevada, Cuban said he is investing in startups and businesses with this tech to innovate and create meaningful, world-changing impact. He participated in a one-on-one Q&A with Variety co-editor-in-chief Andrew Wallenstein to discuss AI and an evolving regulatory environment.

Cuban was obviously very enthusiastic about this technology’s potential to impact the way people interact, and how we live. He was adamant that American businesses have no choice but to integrate AI and machine learning into their strategic roadmaps. Cuban has invested in healthtech startups Eon Health and Genetesis that leverage the technology. He emphasized the need for entrepreneurs and businesses to include these emerging technologies in their strategic plans to stay relevant.

 

“This (AI) is the new space mission. We really, really, really, really, really, really, really need to invest in it. We really do. If we don’t it would be cataclysmic. Literally,” Cuban emphasized

48 West have been early adopters of AI and machine learning for marketing and customer experience design. Our favorite Cuban quote of the session was:

“If you don’t know AI, you’re the equivalent of somebody in 1999 saying ‘I’m sure this Internet thing will be OK but I don’t give a shit’. If you want to be relevant in business, you have to, or you will be a dinosaur very quickly…there’s going to be AI haves and have-nots. If you’re a have not, you might as well rip out all the computers in your office and throw away your phones. That’s how impactful it’s going to be.”

AI is a National Priority

When asked if Facebook, Google and others are so dominant they need to be broken up Cuban said “No”. Cuban thinks it is inevitable Facebook needs to be regulated. He believes breaking up these companies will make our country less competitive in terms of AI. Breaking them up would leave them without the same resources to invest in breakthrough research and product development. Cuban said that military weaponry will be driven by robotics and AI, and that as a country we must focus on making these technologies a priority in order to maintain our national interests.

To see more from Cuban’s chat, visit the recorded version:

Mark Cuban Talks Investing in AI and Regulating Big Tech at Variety’s CES Summit