The AI Bubble is Here: How to Profit Before It Pops | Summary and Q&A

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January 7, 2023
by
Liam Ottley
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The AI Bubble is Here: How to Profit Before It Pops

TL;DR

With the rise of AI technology, entrepreneurs have the opportunity to make millions during this AI bubble. However, they must be aware of the risks and pitfalls that come with it.

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Key Insights

  • 💖 The launch of chat GPT has created a hype cycle and sparked a new AI bubble.
  • 🤑 Entrepreneurs can get rich by capitalizing on the AI bubble, but they must move fast and immerse themselves in AI communities.
  • 👨‍💼 Converting SAS businesses into Mass businesses is a viable strategy in the AI revolution.
  • 🥠 Identifying non-obvious sources of data and fine-tuning AI models is crucial for success.
  • 👁️‍🗨️ Regulation and the potential burst of the AI bubble are pitfalls entrepreneurs should be aware of.

Questions & Answers

Q: What are some examples of past speculative bubbles?

Speculative bubbles are not a new phenomenon and have occurred throughout history. Some notable examples include the Dutch tulip craze in the 1600s, the dot-com bubble, the smartphone bubble, and the crypto bubble.

Q: How can entrepreneurs make the most of the AI bubble?

Entrepreneurs can make the most of the AI bubble by immersing themselves in AI communities, joining subreddits and Discord groups, following AI influencers on social media, and utilizing tools like chat CPT and Jasper to learn and optimize AI models.

Q: What is the low-hanging fruit for entrepreneurs in the AI revolution?

The low-hanging fruit for entrepreneurs in the AI revolution is converting SAS (software as a service) businesses into models as a service (Mass) businesses. This involves fine-tuning AI models with relevant data sources to provide valuable services, such as e-commerce product finders.

Q: What are some pitfalls entrepreneurs should be aware of in the AI space?

One major pitfall is regulation. Industries that interact with the real world, like self-driving cars, face significant regulatory challenges. Entrepreneurs should also be cautious of relying on proprietary data sources and consider the potential burst of the AI bubble in the future.

Summary & Key Takeaways

  • The launch of chat GPT has sparked excitement in the AI industry, leading to a new wave of investments and opportunities.

  • Entrepreneurs can capitalize on this AI bubble by immersing themselves in AI communities, utilizing tools like chat CPT and Jasper, and finding non-obvious sources of data to train AI models.

  • The lowest hanging fruit for entrepreneurs in the AI revolution is transforming SAS businesses into models as a service (Mass) businesses by leveraging AI capabilities to fine-tune models and provide valuable services.

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