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Back to Mark Cuban: The Next Market Crash Is Where The Real Money Is Made!, with Mark Cuban.

What Does Mark Cuban Use an AI Agent for?

Mark Cuban uses an AI agent for Cost Plus Drugs while he tries to break the healthcare industry. He thinks the big conglomerates are the real problem. Every time they get sued, the agent tells him. Every time there is a bid they are bidding on, the agent tells him too. He uses the agent to write an email under the Open Records Act so he can get copies of the contracts.

He says he could never have imagined doing the work unless he hired somebody. Hiring meant taking the time to hire them, train them, and manage them, so it never got done. Now it gets done. He has hired other people to do different work at a completely different level, and the whole set of tasks takes less of his time.

He tells his kids, who are 17, 20, and 23, that they have to learn how to use agents. His oldest daughter waved it off in college. Then he watched one of her presentations, and she was already getting an agent to handle one piece of the work after another. If someone skips it, he says, the person who learns it will be so much more productive.

Grokipedia·Mark Cuban·Cost Plus Drugs

Transcript

Mark Cuban: The Next Market Crash Is Where The Real Money Is Made! ·

The Diary Of A CEO with Steven Bartlett

More from this episode

  1. How Did Mark Cuban Learn to Sell?Mark Cuban learned to sell at 12 by buying garbage bags for $3 and selling them door to door for $6.
  2. How Much Did Mark Cuban Sell the Mavericks for?Mark Cuban sold the Dallas Mavericks for $4.3 billion after buying the team for $285 million. He bought it right after he made his money.
  3. Does AI Dwarf Everything Else?Mark Cuban says AI dwarfs everything else in aggregate. He has been in the tech business a long time, and AI is so much bigger.
  4. Why Do Get-rich-quick Schemes Spread on Social Media?Mark Cuban says get-rich-quick schemes spread on social media because each person sees more of whatever they already watch.
  5. Where Is the Real Money Made in a Bear Market?Mark Cuban says the real money is made in a bear market, when prices turn and a buyer has cash ready.
  6. Are We in a Stock Market Bubble?Mark Cuban thinks we are in a bubble, though not the same as the internet bubble back in 2000 and 2001.
  7. Is AI Actually Smart?Mark Cuban says AI is not smart. It only knows how to use statistics to predict the next word. It is predictive, not deterministic.
  8. Why Is AI Only Book Smart?Mark Cuban says AI is not smart because it is only book smart.
  9. Can AI Borrowing Create a Debt Bubble?Mark Cuban says the United States could get into a debt bubble because hyperscalers are borrowing so much.
  10. What Happens If Interest Rates Hit 10 Percent?Mark Cuban says something has got to give if interest rates go to 6 percent, 8 percent, or 10 percent.
  11. Can Money Change Who You Are?Mark Cuban says money cannot change who you are. If you are miserable when you are poor, there is a good chance you are going to be miserable when you are rich.
  12. How Did Money Change Mark Cuban's Life?Mark Cuban says money changed his life and did not change his life.
  13. What Matters Most to Mark Cuban?Mark Cuban says his kids and his wife supersede everything else.
  14. What Is Mark Cuban's Goal for Healthcare?Mark Cuban's goal is to change healthcare in the country so healthcare is truly a right.

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