Mark Cuban on the AI Bubble: Who Actually Gets Wiped Out?

And I lived through a couple of bubbles. We've seen this movie before. And and this wave seems very different than There it is. .Com wave. So let's talk about that. Are you concerned about a bubble? We're seeing bubbly, like, behavior people It's not it's not the traditional.com bubble. Right? Because back then, there were companies going public, getting crazy valuations, and people are buying them. And the stock would go up, you know, 50%, a 100% with companies that had no revenue, no traffic, no nothing, and you'd go get a cab back then, and people would be talking about them. Them. Yeah. And you don't you don't see that at all today. So it's not a bubble that's gonna impact most people in the room, right, or most people, across The US. But it could just destroy a lot of VCs and a lot of funds and a lot of PE. Right? Because they're going all in. I'm doing all in. Applovin started with an $8 domain and no VC funding and became one of the largest ad platforms in the world. Now that same engine powers AppLovin ads for ecommerce. Your ads run inside mobile games reaching over a billion people with full screen distraction free attention. The platform finds buyers and optimizes for profit. You set the target, it does the rest. One cookware brand went from 4,000,000 to $16,000,000, turned profitable, and is on pace for 80,000,000 this year. Visit applovin.com/allin to launch your first campaign today. I'm doing all in. It used to be that product managers for brokerages had to outperform their numbers, right, for, you know, the SPX or whatever. But now you gotta outperform to keep the money coming in. Yeah. You gotta outperform the the fund next door. And they're all in entropic and getting their outcomes to SpaceX and celebrating. But if shit hits the fan Yeah. It really is. Like, I've only done venture for just over ten years, and it is wild to watch so many people who deployed at the wrong time just out of business. They just invested at the peak, and entry price matters. And you and I have been in a bunch of deals together, and we used to get to invest in companies at 5,000,000, 10,000,000 Yep. As angel investors. And then all of a sudden, the request was forty, fifty, 60, and the product's not launched. And you're No. And not How does this work? Yeah. And, you know, and what's happening now is the market leaders, Google, etcetera, Meta, they're borrowing hundreds of million billions of dollars. Yeah. That's interesting. And there's already a private credit problem right now. Right? So you you you just layer on private credit like, Al Capital getting all the, refunds, and then you, you know, you have these huge companies that have cash flow, but there's, you know, they're they're spending all their cap cap, cash flow on CapEx, and then they're borrowing …