There is no doubt that artificial intelligence is transforming the job market. American billionaire Mark Cuban is encouraging college graduates to move beyond large corporations and start their careers at small businesses. In a post shared on social media platform “1. Small businesses create up to 60% of new jobs each year. 2. AI will allow small businesses to compete more easily and quickly with larger companies. 3. The proportion of jobs created by small businesses each year will only increase. 4. Start your job search with a small business,” Cuban writes.
SMEs driving employment growth
U.S. Data According to data from the U.S. Bureau of Labor Statistics, between the third quarter of 2020 and the third quarter of 2025, businesses with fewer than 250 employees accounted for 51% of net job creation. Cuban emphasized that this trend will only grow as AI allows small businesses to expand their capabilities without significant overhead. “The percentage of jobs created by small businesses continues to grow each year. Start your job search with small businesses,” Cuban wrote.
Employers grappling with the impact of AI
Cuba’s advice comes as large companies seek to adjust their hiring strategies in response to AI. Jack Dorsey’s fintech company Bloc cut 40% of its workforce earlier this year, citing efficiency gains from AI. A Goldman Sachs study estimates that 300 million jobs worldwide are exposed to AI automation, and a quarter of U.S. work hours could be handled by AI systems.At the same time, the World Economic Forum predicts that AI will create 78 million new jobs, including new roles such as AI integration specialists and ethics managers.
Mark Cuban sees ‘serious problems’ with Sam Altman’s OpenAI
Mark Cuban recently sounded the alarm about OpenAI’s large funding, saying the company could be in “serious trouble” if the economics don’t work out. As reported by Benzinga, Cuban, speaking on the Big Tech podcast, criticized the pace of spending on AI infrastructure, arguing that the revenue may never justify the billions of dollars raised. “They’re never going to get it. They’re just throwing that money away. It’s not that AI doesn’t work. I don’t think a lot of the numbers they’re spitting out there will come to fruition,” he said. OpenAI, led by Sam Altman, raised $122 billion in March at a valuation of $852 billion, one of the largest private funding rounds in technology history.Cuban also said it remains unclear whether the large-scale language modeling (LLM) industry will become a winner-take-all market or a crowded field where models become commoditized. He also warned that niche-focused AI companies in areas such as finance, healthcare and programming may struggle to build a lasting moat because their data can be accessed and trained on by multiple competitors.
