Speaking at the SXSW conference at Austin, Tech Investor and businessman Mark Cuban shared his thoughts on how AI can help small businesses overcome their competition. In short, he told the crowd that AI was not the answer, on its own. It is intended to serve as a help that can help entrepreneurs by making it easier to start cultivating their businesses and answer questions along the way.
Cubas suggested that today’s entrepreneurs should spend “every minute learning about AI” because of his potential.
“There is so much changing fast,” he said, adding that it is different for established businesses that incorporate AI compared to new businesses moving away from the ground.
“It’s much easier to start,” Cubas explained. “It went from – way, behind the day – $ 5,000 for a computer … To just have a laptop and an internet connection, you can start anything. Now, you have a mentor, whether you use embarrassment, humanity Claude, Chatgpt, Gemini – no matter. You have special.”
While admitting that there were some problems with AIS that make mistakes and illusions, he noted that human mentors and experts “do not always do it right”.
Despite the issues, AI’s “experts” can help you understand what you do not know and help other areas of a business, such as survey, emails and sales calls.
However, Cuban has warned the crowd not to rely excessively on AI. “AI is never the answer. AI is the tool. Whatever skills you have, you can use AI to strengthen them, “he said.
This is especially true in creative areas where AI moves in areas such as art and writing.
“Many creative people think well, AI will write all the scenarios,” Cubas said. “AI doesn’t know a good story from a bad story. You have to be creative.
“Whatever skills you have, AI can enhance them. But it does not use this means that someone else is going to enhance their skills – and that could be the difference between getting in front of you or not,” Cubas said.
