Mark Cuban to Donald Trump: “Invest $100 Billion in Robotics”
Tech entrepreneur and vocal Trump critic Mark Cuban wants the president-elect to allocate $100 billion to help the U.S. win the global “robotics race.”
Donald Trump made infrastructure investment a leading policy in his campaign for the presidency, and now tech entrepreneur Mark Cuban is calling for the president-elect to focus these funds in robotics.
In a blog post published Dec. 19, Cuban vocalized his support for infrastructure spending, but urged the PEOTUS to “look forward” – not back – when it comes to where that money is allocated. Specifically, he called for the president-elect to make the U.S. the “robotics hub of the world.”
NASA defines robots as, quite simply, “machines that are designed to do jobs.”
If Cuban were in Trump’s shoes, he says he would allocate $100 billion of the proposed $1 trillion investment in infrastructure projects to robotics and the companies that provide research, development and design services within that industry. The challenge? “None of the companies that actually make the robotics are based here in the USA,” writes Cuban.
Cuban goes on to cite a Business Insider report which found that China is outpacing the U.S. in robotics spend. According to that report, China is spending $3 billion/year on robotics while the U.S. is spending just $100 million annually.
“We have to face the fact that countries are going to lose jobs to robotics,” he said. “The only question that needs to be answered is which country will create and own the best robotic technology and have the infrastructure necessary to enable it.”
Cuban has been publicly critical of the Trump campaign – he has called the president-elect “bat-s**t crazy” – but did recently met with senior advisor Steve Bannon, though the nature of this meeting was not disclosed by either party.
Historically, infrastructure investment has been largely tied to systems of transport, such as roads, tunnels and bridges (e.g. Eisenhower’s Interstate Highway System), water (FDR’s Hoover Dam) and electric. According to a report from the Center of Budget and Policy Priorities, infrastructure spending in the U.S. hit an all-time low in 2016.
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