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Rick Bowmer / AP

Some takeaways from my on-stage conversation yesterday with Mark Cuban, from yesterday's Lerer Hippeau CEO Summit in New York (yes, LH is an Axios investor).

Cuban is a major believer in the earthquake power of artificial intelligence and machine learning, arguing that massive labor disruptions are coming sooner than later. His proposed solution isn't universal basic income, but rather twofold:

  • A lot of low-skilled jobs can be replaced by what will be an increased demand for data tagging and labeling. Not intellectually fulfilling work, but the 21st century version of an assembly line.
  • A broad expansion of programs like Americorps, believing that macro economic benefits from automation can be reallocated to places school classrooms and domestic infrastructure projects.

Other takeaways:

  1. He does not like to be referred to as a "venture capitalist," because he "helps his companies." Yes, Cuban said this as a VC-hosted event.
  2. Yes, he bakes in a "TV exposure" premium when thinking about valuations on Shark Tank.Cuban does not agree with my CEO President Theory, which posits that American voters will view future CEO candidates through a Trump prism (if successful, then we'll get more; if failed, then that's it for a while): "There's nobody like Donald Trump. He's just an idiot."If Cuban does run for president in a few years (something he won't rule out), he believes it's more likely to be against President Pence than President Trump.Cuban believes that Zaza Pachulia ― who once played for the Dallas Mavericks ― is "clumsy," not "dirty."

Go deeper

Australia joins U.S. in diplomatic boycott of Beijing Winter Olympics

Australian Prime Minister Scott Morrison. Photo: Darrian Traynor/Getty Images

Australia is joining the U.S. in a diplomatic boycott of the 2022 Beijing Winter Olympic Games in protest of human rights abuses committed by China's government, Prime Minister Scott Morrison said Wednesday.

Driving the news: After the Biden administration's announcement that U.S. officials won't attend the Games due to the ongoing genocide of Uighurs and other Muslim minorities in the Xinjiang region of China, Morrison said at a Sydney briefing that Australia would follow suit as "it's the right thing to do."

Progressives to file resolution to strip Boebert's committee seats

Rep. Lauren Boebert walking through the Senate side of the U.S. Capitol earlier this month. Photo: Drew Angerer/Getty Images

House progressives are planning to introduce a resolution on Wednesday to strip Rep. Lauren Boebert (R-Colo.) of her committee assignments, according to a Democratic aide familiar with the matter.

Why it matters: The move, which was first reported by the Washington Post, comes as progressives — anxious to see the right-wing firebrand face retribution for her recent comments — have grown frustrated by Democratic leadership's inaction on the issue.

Roger Stone won't cooperate with Jan. 6 panel

Longtime Trump confidante Roger Stone speaking in front of the Supreme Court on Jan. 5 in Washington, D.C. Photo: Tasos Katopodis/Getty Images

Longtime Trump confidante Roger Stone won't cooperate with the House select committee investigating the Jan. 6 Capitol riot and will invoke the Fifth Amendment right not to testify, his attorney said Tuesday evening.

Why it matters: The announcement, first reported by ABC News, came hours after former White House chief of staff Mark Meadows said he wouldn't cooperate with the probe.