American billionaire Mark Cuban says the world’s first trillionaires will be the ones who invest in artificial intelligence technology (AI).

“I am telling you, the world’s first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of,” the Shark Tank billionaire said on Sunday at the SXSW Conference and Festivals in Austin.

Faster than ever computer processors along with exponentially larger data sets are currently laying the cornerstone for the rapid development of artificial intelligence to new industries like insurance, according to Cuban.

“We will see more technological advances over the next ten years than we have over the last thirty. It’s just going to blow everything away,” he said.

Many investors invest in start-ups that develop products based on artificial intelligence. But not all experts see this as a guarantee of success. According to the futurist Thomas Frei, the world's largest Internet company in 2030 will be an online school that will squeeze today's giants Microsoft, Google and Amazon. Such a company will have all chances to become a trillionaire. However, the businessman and philanthropist Bill Gates is still the most likely candidate for a trillion-dollar fortune. At the moment, his capital is estimated at $ 85 billion, but, according to some estimates, by the 2040s his fortune will reach a trillion dollars.

nanonewsnet.ru 

© All rights reserved. Citing to www.ict.az is necessary upon using news