New business creation in the U.S. is surging, and entrepreneur Mark Cuban suggests artificial intelligence is a big reason why.

In a recent post on X, Cuban shared a chart from Apollo Academy showing weekly U.S. business applications climbing to some of the highest levels on record. “New Business Formation Exploding Higher,” Cuban wrote while posting the chart, suggesting the trend is “likely driven by AI.”

New Business Formation Exploding Higher: https://t.co/5BAYYBly1f

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Apollo Academy said the surge is being fueled by AI and large language models that are “dramatically reducing the cost and complexity of launching a company.” The firm added that as these businesses grow, they could create jobs and “strengthen, not disrupt, the U.S. labor market.”

Cuban recently argued that the ability to work effectively with AI models is becoming one of the most valuable skills in the job market.

“People are afraid to ask the models the right questions,” Cuban said on the “TBPN” podcast last year. “Kids coming out of school today that are fearless in the questions they ask and the follow-ups and their ability to prompt. They have more skill than everybody in every major corporation with under a thousand employees.”

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According to Cuban, the biggest opportunity may lie with small and midsize companies that haven’t yet integrated AI into their daily operations.

“There are millions of companies that have 1, 5, 10, 50, 100, 500 people that aren’t going to have AI budgets, aren’t going to have AI experts,” Cuban said on the podcast. “That is every single job that’s going to be available for kids coming out of school, because every single company needs that.”

Under his post, Cuban also reposted a real-world example of the trend playing out.

Electrician Jason Walls said he built a tool using AI called ChargeRight. The service helps electric vehicle owners determine whether their home’s electrical panel can handle an EV charger before hiring an electrician.

“I’m one of those new businesses on that chart,” Walls wrote in a post Cuban shared.

Walls said the tool helps customers avoid unnecessary upgrades that can cost thousands of dollars.

“[ChargeRight] tells EV owners if their panel can handle a charger before they call an electrician and get sold a $3-5k upgrade they don’t need,” he wrote. “70% don’t need it.”

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Walls said the project didn’t require venture capital funding or a technical background in coding.

“No [venture capital]. No code school. Just domain expertise + AI,” he wrote. “That’s what’s driving this chart.”

For readers looking to take advantage of emerging business trends, platforms like Public allow individuals to invest in growth-oriented companies and access markets that were previously limited to larger investors. As AI continues to lower barriers for startups and small businesses, retail investors can explore opportunities alongside these fast-moving sectors.

“Same energy as [Cuban’s pharmacy] Cost Plus Drugs: an industry overcharging people because they don’t know better,” he added. “AI let a tradesman fix that for $12.99.”

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This article Mark Cuban Says New Business Formation Is 'Exploding.' He Highlights A Founder Fighting An Industry That Overcharges Customers By Thousands originally appeared on Benzinga.com

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