For Christmas, Mark Cuban wants the next President of the United States to invest $100 billion in robotics.
The billionaire investor believes a full 10% of Donald Trump’s proposed $1 trillion allocated for infrastructure spending should be directed toward robotics. The CNBC “Shark Tank” judge says the US is losing to China in the robotics race.
“If it was me spending the money, I would take 100 billion of the proposed $1 trillion dollars in infrastructure investment and invest it in robotics,” he wrote online. “I would invest it in the companies that do R&D, software, and design for robots and every other facet of the robotics industry.”
Cuban notes that none of the companies that actually make the robotics are based in the US while . China, Korea, and the EU are offering billions in credits to support their robotics industries.
“Technological change always accelerates,” Cuban says, “which means we are going to face the fact that if nothing in the States changes, we will find ourselves dependent on other countries for almost everything that can and will be manufactured in a quickly approaching future.”
It’s an arms race, he says, and “we are not even close right now [to winning].”