The reason Amazon is Mark Cubans favorite company is because Amazon has the potential to reach customers anywhere and they have extremely in-depth buyer information. In short, as artificial intelligence evolves, Amazon may have the ability to predict what you want before you know what you want.
Recently, Mark Cuban began investing in Twitter as the company began to develop their artificial intelligence systems. Since his decision to invest in Twitter, the company’s shares increased by a whole four percent.
To summarize, Mark Cuban is attracted to tech companies that have in-depth and deep-brain artificial intelligence systems (or plan to develop them a soon).
So if you want to invest like Mark Cuban, keep an eye on emerging tech companies that run on powerful and accurate artificial intelligence systems. One example of a company with an incredibly advanced AI system is Google and their search engine algorithms for ranking websites.
Find companies that are built on similar systems and you should have a good chance to earn an excellent return on investment.
Considering how fast computer hardware is evolving, it won’t be long until some incredible AI systems are created that we will rely on. The people who create those systems will be the world’s next billionaires.
According to Mark Cuban, “The world’s first trillionaires are going to come from somebody who masters AI”. In the next ten years, we will see some amazing advancements in AI systems.
In short, pay attention to new companies built on advanced algorithms and AI systems; they’re the companies you’ll want to invest in as they’ll likely experience explosive growth.
Mark Cuban’s Investing and Money Takeaways
Before investing, get your financial house in order.
Build a six-month cash or liquid nest egg of funds.
Pay off all your debt as soon as possible.
Avoid using credit cards. If you absolutely must use a credit card, make sure you can pay the full balance back within 30 days.
Once you have money to invest in the stock markets, consider tech companies that are built on strong AI systems. Even tech giants will likely continue to grow, so it’s not a bad idea to invest in them as well.
Just remember, there’s always a risk, and you shouldn’t invest unless you understand the market and you can afford to take a loss.
Thoroughly research companies and stocks before you make a decision and don’t let your emotions control you. Also, be aware that today’s stock market is richly valued and the short term, may lack significant upside potential.
This article was republished with permission from Barbara Friedberg.