Billionaire investor Mark Cuban said the AI arms race will be won by companies that hoard top talent and lock up valuable intellectual property - and that 'IP is king' as the competition heats up.
Mark Cuban criticized Mamdani's campaign proposals, comparing them to Trump's tactics by focusing on impactful issues while questioning the realism of the promises made, such as freezing rents.
We haven't seen the best or the craziest of what [AI is] 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.
Mark Cuban has been vocal about his skepticism, stating that O'Leary's bid for TikTok's U.S. assets is akin to chasing a dream with multiple setbacks ahead. He argues that without a solid revenue model or user engagement strategy, the bid could lead to significant losses. Moreover, he emphasizes the realistic perspective that ByteDance isn't likely to relinquish such a profitable asset when it has much to lose.
"People who achieve success and drive progress deeply understand the cause-effect relationships that govern reality and have principles for using them to get what they want."