The Twittersphere and Wall Street were abuzz this morning after a report that Dallas billionaire Mark Cuban was buying Twitter.
Twitter shares spike after billionaire investor @MCuban says he is buying $TWTR as artificial intelligence play https://t.co/qpYsMiuMLa pic.twitter.com/nATpJ5vyNI
— CNBC Now (@CNBCnow) May 2, 2017
Turns out Cuban was buying Twitter shares as an AI play, he told CNBC.
“Companies that are geared toward artificial intelligence, machine learning, deep learning — I’ve been buying,” he said on CNBC’s “Squawk Alley.” “I started buying Twitter just recently because I think they finally got their act together with artificial intelligence.