Mark Cuban's Warning: AI Company Could Create a 'Virtual Elon'

  The billionaire warned about the risks posed by artificial intelligence that creates its own content, known as generative AI. He voiced this sentiment during an interview with Tucker Carlson and criticized its current state. He further asserted that Google CEO Larry Page stopped talking to him over his cofounding of OpenAI, an AI research lab formed with Sam Altman from Y Combinator and PayPal alumni in 2015. What is NFTs? NFT marketplaces have seen tremendous growth since they first debuted in 2015. This surge can be attributed to normalization and excitement surrounding cryptocurrency, along with supply-demand forces. Non-fungible tokens (NFT) provide consumers with an opportunity to purchase or trade digital art, games, video clips or experiences within the metaverse. One of the many unique aspects of NFTs is their capacity to form communities and link into real world events. One such instance is Bored Ape Yacht Club - an NFT image series that grants membership into an online community with private chat rooms, graffiti boards and high-end merchandise; other NFT community projects like SupDucks and Gutter Cat Gang have used NFTs to connect online spaces to real world social events that enhance metaverse experience. Such community-driven activities showcase how NFTs can enrich metaverse experience. As non-financial tokens (NFTs) become more mainstream, big tech companies are scrambling to take advantage of them. Facebook recently unveiled plans for an NFT marketplace for developers selling virtual goods; Snapchat leverages NFTs by offering exclusive experiences for premium users through NFTs. All these developments show that NFTs will play an essential role in shaping both metaverses and technologies of tomorrow. Some non-financial transfers (NFTs) may not have any worth at all, while others can be extremely valuable. Christie's Auction House sold an NFT artwork called Everydays: The First 5000 Days for an incredible $69 Million price tag in March 2021 - this represents an extraordinary price for art that lives entirely online. NFTs have captured widespread attention because of their potential as virtual collectibles for gaming. Companies like Cameo and Coachella have established NFT passholder communities which grant exclusive in-game content, events and perks; gaming studios such as Aurory Project have utilized NFTs to streamline in-game item ownership processes using NFTs. Elon Musk has also taken steps towards AI ventures of his own, according to a Nevada state filing last month. Musk has registered his https://billionaireestateslimited.com company under the name X.AI Corp - this reflects his longstanding dream of creating "the everything app", an all-in-one solution that meets most users' needs. What is Mark Cuban’s Warning? Mark Cuban, co-host of ABC's Shark Tank and owner of the Dallas Mavericks NBA franchise, has long been outspoken about high-frequency trading (HFT) as automated insider trading. Now, he is warning against another artificial intelligence tool called ChatGPT; an artificially intelligent virtual assistant which allows users to communicate with computers through text-based conversations; adding that this software could potentially cause "a lot of problems in education." Cuban made his remarks on a podcast called 'The Problem With Jon Stewart,' hosted by former Comedy Central 'The Daily Show' host Jon Stewart and available for download through Apple TV+ (an Apple Inc AAPL video streaming service launched in 2021). The podcast transcript details that an AI program uses natural language processing to understand commands, respond to queries and offer feedback. Furthermore, its bot can also be prompted to generate poetry or political arguments when required. Cuban cautioned that the bot could be misused to promote unregulated NFTs and scams while some individuals exploiting its capabilities to write biased opinions that violate legal obligations or social standards. Though the NFT trend is growing quickly, Cuban believes it's too soon to determine their viability as sustainable businesses. He compared their rise with that of dotcom bubble, when anyone could start their own website and gain funding - including Amazon and eBay as examples that survived it all. Shark Tank star Mark Cuban is an enthusiastic advocate of blockchain technology, investing in numerous NFT platforms like SuperRare, Mintable, CryptoSlam and OpenSea. In addition, he launched digital currency portfolio and cryptocurrency exchange; furthermore he recently created Mark Cuban Cost Plus Drugs -- an online pharmaceutical company intended to bridge the gap between executive compensation and hourly workers' pay. Furthermore, Cuban has made himself heard in terms of the coronavirus pandemic, offering his support for Mavericks arena workers while advocating paid leave for those affected employees affected. Is Mark Cuban Right? GQ recently interviewed Mark Cuban, owner of the Dallas Mavericks and regular guest on ABC's Shark Tank, regarding his four rules for entrepreneurs. These include finding something you are good at doing, building a team with smart individuals around you and knowing your subject matter better than anyone else in the room. Furthermore, Cuban advised entrepreneurs not to stop learning as people and continue expanding as people. This billionaire is known for his bizarre ideas, some of which work and others that don't. When he took over Twitter last year, one of his main focuses was ending many user policies in order to open up more freedom of speech on the site - although many users saw this move as leading to increased hate speech and harassment on it. Musk has recently appeared to step away from some of his more extreme proposals. After the recent NBA playoff injuries sustained by Giannis Antetokounmpo of the Bucks and Ja Morant of the Grizzlies, he called for an overhaul of the league's charging rule by using technology to limit how often players can be hit while heading toward basket. Tech mogul Eric Schmidt has often made statements that are divisive. In particular, his views regarding artificial intelligence (AI) can often be found at odds with mainstream opinion. Last month, Elon Musk joined more than 500 other tech luminaries in signing an open letter calling for a six-month halt in AI research development. Since then he has established his new AI company named X.AI in Nevada, and authorized sale of 100 million shares. The name Tesla X makes reference to both their electric car division, as well as Elon Musk's promise for creating "an everything app." Though many of his more ambitious proposals may have fallen through, billionaire Elon Musk remains undeterred from realizing his dreams. Beyond using SpaceX rockets and Boring Co. tunnels for his endeavors, he's using his resources to send civilians to Mars on 2022 mission with SpaceX 2022 mission. Will NFTs Be the Next Big Thing? Elon Musk is no stranger to bold ideas, some of which materialize and others that don't. Recently, he caused headlines when he expressed concerns over artificial intelligence (AI), while later making headlines when voicing such concern publicly. Now though, according to reports in The Wall Street Journal last month, Musk plans on entering AI as well - possibly through a startup! He plans on hiring AI engineers for his new venture that will compete with ChatGPT developer OpenAI; sources indicate this venture may even be located in California! Musk has been reported as seeking to hire AI scientists from top firms such as Alphabet-owned DeepMind; however, he's been unsuccessful in persuading Microsoft and Google to invest in his unnamed AI company that was registered last month in Nevada with 100 million outstanding shares according to state filings; Burlingame California mailing address is likely included due to Musk's longstanding plan of an "everything app," similar to smartphones. No one knows for certain if this new venture will have an effect, but it is sure to disrupt an already overcrowded world of NFTs (Net Financial Tokens). These digital assets have grown increasingly popular as crypto collectibles and art pieces. One such example of such NFTs being released recently by Cradles blockchain MMORPG: two NFTs featuring boxes of Chicken McNuggets and Big Macs respectively were recently made available as tokens. While NFTs remain most prevalent in gaming, other businesses are using the technology to create immersive experiences and products. British luxury fashion house Burberry collaborated with Snapchat to design virtual clothing for the Blankos Block Party game that users could wear and trade among friends within its in-app marketplace. There are also companies like the MIT Media Lab, who are creating a virtual reality platform called Metaverse to allow people to live inside virtual reality environments while interacting with their surroundings - offering an experience far superior to simply watching an online video and could potentially become the next big thing in tech.