As AI is changing job market, American billionaire Mark Cuban to college graduates: Start your job search with ...

There’s no doubt that artificial intelligence is transforming the job market. American billionaire Mark Cuban is urging recent college graduates to look beyond big corporations and begin their careers with small businesses. In a post shared on social media platform X (formerly known as Twitter) Cuban highlighted that small companies create around 60% new jobs annually and will increasingly benefit from AI, enabling them to compete ‘easier and faster’ with larger rivals. “1. Small Business creates ~60% of new jobs every year 2. AI makes it easier and faster for them to compete with larger companies. 3. The % of jobs created by Small biz every year will only increase. 4. Start your job search with small businesses,” wrote Cuban.Data from the US Data from the U.S. Bureau of Labor Statistics shows that between Q3 2020 and Q3 2025, companies with fewer than 250 employees accounted for 51% of net job creation. Cuban emphasized that this trend will strengthen as AI empowers small firms to expand capabilities without massive overheads. “The % of jobs created by Small biz every year will only increase. Start your job search with small businesses,” Cuban wrote.The advice from Cuban comes as large companies are trying to adjust hiring strategies in response to AI. Fintech firm Block, led by Jack Dorsey, cut 40% of its workforce earlier this year, citing efficiency gains from AI. Goldman Sachs research estimates that 300 million jobs globally are exposed to AI automation, while a quarter of U.S. work hours could potentially be handled by AI systems.At the same time, the World Economic Forum predicts AI will create 78 million new roles, including emerging positions like AI integration specialists and ethics managers.Recently, Mark Cuban sounded an alarm on OpenAI’s massive fundraising spree, saying the company may be in ‘deep trouble’ if its economics fail to deliver. As reported by Benzinga, speaking on the Big Technology podcast, Cuban criticised the pace of AI infrastructure spending, arguing that the returns may never justify the billions being raised. “They’ll never get it. They’re just sh****g away that money. It’s not that AI is not going to work; I think a lot of the numbers that they’re throwing out there aren’t going to come to fruition,” he said. OpenAI, led by Sam Altman, raised $122 billion in March at an $852 billion valuation, one of the largest private funding rounds in tech history.Cuban also said that it still remains unclear whether the large language model (LLM) industry will become a winner-takes-all market or a crowded space where models are commoditised. He also warned that niche-focused AI firms in areas like finance, healthcare and programming may struggle to build lasting moats since data can be accessed and trained by multiple competitors.