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Billionaire investor and entrepreneur Mark Cuban has expressed that the advancements in artificial intelligence (AI) present an excellent opportunity for teenagers looking to explore side hustles.
What Happened: During a recent interview with CNBC, Cuban outlined his perspective on why, if he were a teenager today, he would dive into an AI-related side business.
He proposed a straightforward three-step plan: first, learning how to write effective prompts for AI language models; second, teaching peers how to use these prompts for their school projects; and lastly, offering these prompt-writing services to local small and medium-sized businesses that have yet to adopt AI technologies.
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According to Cuban, “I would approach businesses, especially small- to medium-sized ones that are unfamiliar with AI. It wouldn’t matter that I’m only 16; I’d be imparting this knowledge to them,” he shared with the publication.
A recent survey from LendingTree reveals that a significant number of Gen Z individuals in the U.S. are currently pursuing side gigs, with AI prompt engineering emerging as a lucrative opportunity. This practice involves creating specific questions for chatbots to generate desired responses, making it a service in high demand.
According to data from ZipRecruiter, entry-level AI tutors can expect to earn around $30,000 annually, while experienced prompt engineers can draw salaries as high as $129,500.
While obtaining a college degree isn’t mandatory to become an AI prompt engineer, gaining expertise through practice and certifications is crucial for understanding the operation of large language models.
Online certification programs offered by institutions like Vanderbilt University and IBM are available and can enable learners to grasp the fundamentals of AI in as little as a month.
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Why It Matters: Cuban’s own entrepreneurial path began at a young age; he started selling garbage bags door-to-door at 12. This journey continued with selling collectibles, which helped him finance his education at Indiana University.
Following a short-lived banking career after college, Cuban took the plunge into entrepreneurship, eventually selling his first company, MicroSolutions, for $6 million in 1990.
His next venture, Broadcast.com, was acquired by Yahoo for an astounding $5.7 billion in 1999, which significantly elevated his financial status and established him as a billionaire.
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Source
finance.yahoo.com