Mark Cuban: Shark Tank Entrepreneur on Why You Have No Choice But to Adopt AI (E358)

**Mark Cuban** (0:01)
We haven't seen the best or the craziest of what it's going to be able to do. And not only do I think it'll create a trillionaire, but it could be just one dude in the basement. Cut, cut, cut. You know you're going to make mistakes. Bring back the 10% that are in the mistake lake and everything will be okay. That doesn't work in government. Valuing time was the best lesson he taught me because there's never enough of it and you can't get it back. It's not something you can buy. It's not something you can own.

**SPEAKER_2** (0:29)
That is the voice of Mark Cuban, billionaire entrepreneur, investor and star of Shark Tank. Mark made his fortune building and selling a tech company in the early days of the internet, but and I love this, he then lived his dream, which we all want to do right, by buying an NBA team and turning them from a joke into champions.

**SPEAKER_3** (0:48)
He's made billions, but what drives him now isn't money. It's the most precious resource of all time. In this conversation, you're going to hear how Mark thinks about curiosity, competition and using AI to level the playing field, not just in business, but in healthcare. He opens up to Jake and I around the lessons that shaped him from being fired in his early career to learning how to lead with compassion and not ego. And finally, he tells us why he believes Donald Trump is not a high performer.

**SPEAKER_2** (1:19)
Oh, and by the way, there's no filter in this conversation. This is a man who speaks honestly about failure. The myth of work-life balance and why being nice might actually be the most underrated skill in business today. I actually love it when someone comes on the show who has not just achieved everything they wanted to, but they're at an age where they just tell you exactly how they see it. And that's what you'll get today as we welcome American businessman and billionaire Mark Cuban to High Performance.
Mark, first of all, welcome to High Performance. Thanks for joining us.

**Mark Cuban** (1:54)
Thanks for having me. I'm excited to do this.

**SPEAKER_2** (1:56)
So you said the world's first trillionaires will be created by the AI industry. What makes you believe that?

**Mark Cuban** (2:03)
Because the industry is changing so rapidly. The technology is changing so quickly. Somebody who come up with a new way to utilize it in a way we never thought about before. I mean, all this stuff is just changing every single day. And just like we saw from the early days of PCs, early days of networks, early days of Internet, early days of mobile phones, early days of 5G, there's always something bigger and better that's created by an innovative entrepreneur. But AI just dwarfs all that. We haven't seen the best or the craziest of what it's going to be able to do. And not only do I think it'll create a trillionaire, but it could be just one dude in the basement. That's how crazy it could be.

**SPEAKER_2** (2:47)
And you know what, I'm becoming a bit obsessive with the AI. And every time I talk to people about it, all they do is say to me, oh, well, it's not as good as the human brain. It still makes mistakes. They're kind of almost, they're still not daring to believe how incredible it could be.

**Mark Cuban** (3:01)
Yeah, I mean, it's just the very beginning, right? We're still in the preseason as people just figure the whole thing out. But as it becomes more advanced, and I'm not saying we're gonna get the Terminator, right?
I'm not saying all of a sudden, there's gonna be robots that are smarter than people like the movie AI. But we'll find ways to make our lives better, more interesting, do work better, more effectively, so that we all want this thing. I mean, remember the early days of PCs, people are like, I don't need that. I've been doing it the right way forever. Then we had the Internet and there were people like, what's this Internet thing? Why do we need it? Then it was smartphones. It was like, take pictures with my phone. You know, Snapchat, what the hell was that? We'll find something that's equivalent for AI. And then five years after we were using it, people like, how did I live without it? And people will make a lot of money if you can come up with that idea.

**SPEAKER_2** (4:04)
So take us into your world then. What are you using AI for on a day to day level?

**Mark Cuban** (4:08)