Billionaire investor Mark Cuban, in a recent podcast episode, underscored the need for the U.S. to invest in AI and robotics to revitalize its manufacturing sector.
What Happened: The billionaire investor appeared on the Lincoln Project podcast, hosted by Rick Wilson, where he discussed the decline of the U.S. manufacturing sector. Cuban highlighted the shift of investors towards service-based industries due to higher profitability, resulting in a global trade surplus in services for the U.S. He pointed out that countries like China have become low-cost manufacturing hubs, a model he believes the U.S. cannot emulate.
Cuban advocated for a new infrastructure centered on robotics, stating, “Our new infrastructure where we really need to invest as a country is in robotics.” He dismissed the idea of reviving traditional manufacturing …
Full story available on Benzinga.com
Billionaire investor Mark Cuban, in a recent podcast episode, underscored the need for the U.S. to invest in AI and robotics to revitalize its manufacturing sector.
What Happened: The billionaire investor appeared on the Lincoln Project podcast, hosted by Rick Wilson, where he discussed the decline of the U.S. manufacturing sector. Cuban highlighted the shift of investors towards service-based industries due to higher profitability, resulting in a global trade surplus in services for the U.S. He pointed out that countries like China have become low-cost manufacturing hubs, a model he believes the U.S. cannot emulate.
Cuban advocated for a new infrastructure centered on robotics, stating, “Our new infrastructure where we really need to invest as a country is in robotics.” He dismissed the idea of reviving traditional manufacturing …
Full story available on Benzinga.com
Billionaire investor Mark Cuban, in a recent podcast episode, underscored the need for the U.S. to invest in AI and robotics to revitalize its manufacturing sector.
What Happened: The billionaire investor appeared on the Lincoln Project podcast, hosted by Rick Wilson, where he discussed the decline of the U.S. manufacturing sector. Cuban highlighted the shift of investors towards service-based industries due to higher profitability, resulting in a global trade surplus in services for the U.S. He pointed out that countries like China have become low-cost manufacturing hubs, a model he believes the U.S. cannot emulate.
Cuban advocated for a new infrastructure centered on robotics, stating, “Our new infrastructure where we really need to invest as a country is in robotics.” He dismissed the idea of reviving traditional manufacturing …Full story available on Benzinga.com Read Morebenzinga neuro, Donald Trump, Elon Musk, Howard Lutnick, Mark Cuban, News, tariffs, Markets, Tech, News, Markets, Tech, Benzinga Markets
