He is only worth $108.9 billion.
Billionaire Mark Cuban said he thinks the world's first Trillionaire will work in artificial intelligence.
Here are the top 7 (They fluctuate because they own stocks and shares and their share prices ebb and flow)
- Bernard Arnault, LVMH - Luxury Goods — $68.7 Billion
- Mexican Carlos Slim and Family - Businessman, Engineer nd Investor $67.6 Billion
- Mark Zuckerberg, Facebook Creator and main shareholder— $72 Billion. ...
- Amancio Ortega, Zara clothing company — $75.8 Billion. ...
- Warren Buffet, Berkshire Hathaway, Investor — $90.1 Billion. ...
- Bill Gates, Microsoft Creator and shareholder— $91.9 Billion. ...
- Jeff Bezos, Amazon, creator and shareholder — $108.9 Billion.
Cuban said that AI held untold wealth for anyone clever enough to tap its true potential and whoever masters AI and all its derivatives and then applies it in ways we never thought of.
Cuban has previously said that liberal arts are the ticket to professional success.
Rather than studying to be an accountant Cuban would rather be a philosophy major. He does emphasise the value of studying computer science. If you are not getting up to speed on deep learning, neural networks, etc., you will lose. Rather than learning about finance, Cuban sees critical thinking and problem solving becoming far more valuable in the coming decades.
The rapid acceleration of wealth will likely happen in the next 20 years or so, and will most likely involve technology that doesn't even exist yet. Like Bill Gates and Steve Jobs, someone is going to create something that no one has done before.
The person closest to becoming a Trillionaire is Jeff Bezos, but he is still about $915 billion short. Bezos will become a Trillionaire in about 20 years or less due to accumulating wealth. But it is highly likely that several AI entrepreneurs will beat him to it. Of course there could be a huge societal backlash to skyrocketing unemployment and the universal basic income proposal where the public demand more equitable distribution of wealth.
In that case, all bets are off.
For those of you whose eyes don’t glaze over at such a number it is 1,000,000,000,000.
That is a huge number.
Of the 196 countries in the world, 181 of them have a GDP less than a trillion. And when will someone reach that milestone? It is likely to happen reasonably quickly.
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