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Meanwhile, low-skilled workers are already losing their jobs to robots and automation. The Trump administration has said it will put people back to work by opening factories again, but Cuban doubts that that's possible, given the realities of automation. He called on the audience of innovators at SXSW to think about ways to create good jobs for unemployed Americans who have been put out of work by robots and AI. "'What kind of opportunity can I create that gives these people hope for jobs and the ability to live a valuable life?' That's what people in this room can help think of, because our current administration is not going to solve that problem by thinking they are bringing back factories."

Bill Gates is the richest man in the world right now, with more than $85 billion to his name, and, according to one estimate, if he makes it to his mid-80's, he will likely be the world's first trillionaire . But self-made billionaire Mark Cuban predicts that the world's first trillionaires will actually be entrepreneurs working with artificial intelligence. "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," says the star investor of ABC's "Shark Tank," speaking to a packed house in Austin at the SXSW Conference and Festivals Sunday night. Ever faster computer processors and exponentially larger data sets are creating opportunity to apply artificial intelligence to new industries like insurance, says 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," says Cuban, who himself started out as the child of a blue-collar family from Pittsburgh.