Hype Cycle Version 4 V2

Matt Lights of Bot Builders explains the Hype Cycle, a pattern of adoption for new technologies like AI. He suggests AI is currently at peak hype but will soon enter a 'trough of disillusionment.' Savvy investors should look beyond this to the 'slope of enlightenment,' where AI will eventually be widely adopted. Lights offers a free webinar to teach how to capitalize on AI's potential, emphasizing it's an opportunity for wealth creation and not just a passing trend.

Takeaways

• 📈 The Hype Cycle is a chart that illustrates the pattern of adoption and maturity of new technologies, including AI.
• 👤 Matt Lights, the speaker, is the owner of Bot Builders, a successful tech company, and emphasizes the importance of understanding trends for business success.
• 🗓️ AI is currently at the peak of the hype cycle, with high visibility and public interest, but Matt predicts a slowdown in hype as the novelty wears off.
• 📉 As people become frustrated with not achieving results with AI tools, public interest may wane, leading to a decrease in hype.
• 🔄 However, Matt suggests that after the initial hype, there will be a resurgence of interest as AI becomes more integrated into everyday life, similar to personal computers and the internet.
• 💰 The speaker believes that AI will create more wealth than the internet, with the potential to make many people millionaires or even the world's first trillionaire.
• 🚀 To capitalize on AI, one must separate the hype from reality and focus on where the money is being made, which is in the growth of AI despite the fluctuating hype.
• 🤑 Most people will miss out on the wealth generated by AI due to listening to the hype, leaving opportunities for those who understand the true potential of AI.
• 💡 The 'Sweet Spot' on the Hype Cycle is where the technology is mature enough to be tapped into for profit, and Matt encourages viewers to learn how to leverage this.
• 👨‍🏫 Matt offers a free web class to educate people on how to get real results with AI, emphasizing that no technical knowledge is required to succeed.
• 🔗 By following the money and understanding where big corporations are investing, one can align with the successful adoption of AI and ride the wave of its growth.

Q & A

What is the Hype Cycle and why is it important for understanding new technology trends?

The Hype Cycle is a graphical representation that illustrates the pattern of adoption and maturity of new technologies. It's important because it helps to understand the life cycle of a technology, from its initial surge of publicity to its eventual plateau of productivity, allowing investors and businesses to make informed decisions.

Who is Matt Lights and what is his company, Bot Builders?

Matt Lights is the owner of Bot Builders, a company that has been recognized as an Inc. 5000 winner multiple times. He has experience in building tech companies and uses his knowledge of trends to achieve breakthroughs in business.

According to Matt Lights, where is AI on the Hype Cycle currently?

Matt Lights believes that AI is currently at the peak of the hype phase, where it is receiving a lot of attention and publicity. He suggests that the hype is about to slow down as people start to use AI tools without understanding how to get real results.

What does Matt predict will happen to the public's perception of AI after the hype starts to fade?

Matt predicts that public opinion will gradually turn around as the reality of AI begins to align with the hype. Eventually, AI will reach a period of mass adoption, becoming a part of everyday life, similar to personal computers and the internet.

What is the 'Sweet Spot' Matt Lights refers to in the context of the Hype Cycle?

The 'Sweet Spot' is the intersection point on the Hype Cycle where the technology is mature enough to be adopted widely, and it represents an opportunity to invest and capitalize on the trend before it becomes mainstream.

Why does Matt believe that AI will create more millionaires and billionaires than the internet?

Matt believes that AI has the potential to create more wealth because it is a transformative technology that will impact every aspect of business and life. As it becomes more integrated, the opportunities for wealth creation will increase.

What advice does Matt give for those who want to capitalize on the AI trend?

Matt advises to separate the hype from reality, understand the technology, and follow the money by looking at where billion-dollar corporations are investing. He emphasizes not needing a lot of money or technical knowledge to succeed with AI.

What is the free web class that Matt Lights offers and what will participants learn?

Matt Lights offers a free web class where he breaks down the AI trend step by step and provides insights on how to get real results with AI. Participants will learn how to take advantage of the AI trend without being misled by hype.

How can someone join Matt Lights' free web class and what will they receive for attending?

To join Matt Lights' free web class, interested individuals should click on the provided button. For attending, they will receive a free gift and the opportunity to learn valuable insights about AI and its potential for business growth.

What is Matt's final message to those who are skeptical about AI or have not yet found success with it?

Matt encourages skeptics to forget the hype and preconceived notions about AI. He invites them to give AI another chance and join him on his journey to grow their business, whether they are already successful or just starting out.

Outlines

00:00

📈 Understanding the AI Hype Cycle and Its Financial Impact

Matt Lights introduces the concept of the 'hype cycle' and its relevance to AI, explaining how it illustrates the pattern that new technologies follow. He positions AI at the peak of the hype cycle, suggesting that the public's attention will soon wane, leading to a decrease in hype but an increase in actual adoption. Matt, as the owner of a successful tech company, shares his experience with trends and encourages viewers to distinguish between hype and reality to capitalize on AI's potential. He emphasizes that despite the hype, AI is poised for mass adoption and will become as integral to life as computers and the internet. Matt offers a free web class to guide viewers on how to profit from AI, promising no-nonsense education on leveraging this technology for business growth.

05:01

🚀 Embracing AI for Business Growth with Matt Lights

In the concluding paragraph, Matt Lights invites viewers to join him in a free web class to learn how to harness AI for business success. He assures that the class will be informative and enjoyable, providing actionable steps to achieve real results with AI. Matt's enthusiasm is palpable as he extends an invitation to anyone interested in giving AI another chance, promising a no-fluff, practical approach to integrating AI into their business endeavors. The paragraph ends with a call to action, urging viewers to click the button to start their journey with Matt as their guide.

Keywords

Hype Cycle

The Hype Cycle is a graphical representation of the maturity and adoption of technologies. It illustrates the typical pattern of over-enthusiasm followed by disappointment and eventually leading to understanding and adoption. In the video, Matt Lights explains that AI is currently at the peak of the hype cycle, suggesting that the technology is widely discussed but not yet fully understood or utilized by the public.

Artificial Intelligence (AI)

Artificial Intelligence refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. In the context of the video, AI is the central technology under discussion, with Matt Lights suggesting that it is at the height of its hype and will eventually lead to significant changes in business and society.

Matt Lights

Matt Lights is the owner of Bot Builders, a company recognized as an Inc. 5000 winner. In the video, he is the presenter who shares his insights on the Hype Cycle and AI, emphasizing his experience in leveraging trends for business success.

Bot Builders

Bot Builders is a company owned by Matt Lights, which has been recognized as an Inc. 5000 winner. The company's success is attributed to understanding and capitalizing on trends, as illustrated by Matt Lights' discussion on the Hype Cycle and AI.

Trend

A trend refers to a general direction in which something is developing or changing. In the video, Matt Lights discusses the importance of understanding and capitalizing on trends, particularly in the context of AI, to achieve business breakthroughs.

Visibility

Visibility in the context of the Hype Cycle refers to the level of public awareness and attention a technology receives. The video explains that AI is currently experiencing high visibility, which is indicative of the hype phase where the technology is widely discussed but not yet fully adopted.

Mass Adoption

Mass adoption is the point at which a technology becomes widely used by the general public. Matt Lights predicts that AI will eventually reach this stage, becoming as integral to daily life as personal computers and the internet.

Investment

Investment in the video refers to the financial resources put into a trend or technology with the expectation of future gains. Matt Lights suggests that AI is a significant opportunity for wealth creation, with the potential to create more millionaires and billionaires than the internet.

Sweet Spot

The 'Sweet Spot' in the video is the intersection point on the Hype Cycle where the technology is mature enough for practical application, and the hype has subsided to a level where realistic expectations are set. Matt Lights encourages viewers to identify and act during this phase to capitalize on the AI trend.

Web Class

In the video, Matt Lights offers a free web class as a way for viewers to learn more about AI and how to leverage it for business success. This class is presented as a step-by-step guide to help individuals understand and apply AI in their ventures.

Free Gift

A 'free gift' is an incentive offered by Matt Lights to encourage viewers to attend his web class. It serves as an additional benefit for those who are interested in learning more about AI and how to capitalize on its potential.

Highlights

The Hype Cycle chart illustrates the pattern that every new technology follows.

Understanding the Hype Cycle can change your life by knowing when to invest in new tech trends.

Matt Lights, owner of bot Builders, shares his experience with the Hype Cycle and tech trends.

Artificial Intelligence (AI) is currently in the peak of hype according to Matt Lights.

Public interest in AI is expected to wane as the hype slows down and people struggle to see real results.

AI is predicted to follow the path of personal computers and the internet, eventually becoming ubiquitous.

Matt suggests that separating the hype from reality is key to capitalizing on AI opportunities.

The Hype Cycle shows that the money created by AI grows steadily, unlike the fluctuating hype.

AI is believed to create more millionaires and billionaires than the internet ever did.

Most people will miss out on AI's financial opportunities by following the hype instead of the money trail.

Identifying the 'Sweet Spot' in the Hype Cycle is crucial for investing at the right time.

Matt offers a free web class to teach people how to get real results with AI.

No significant amount of money or technical knowledge is required to profit from AI.

Matt encourages following where big corporations invest to understand where the money is going in AI.

He emphasizes the importance of being smart, following the money, and not listening to the hype.

Matt promises no fluff, no nonsense, and a fun learning experience in his free AI web class.

Matt Lights is excited to guide people on their AI journey, whether they are new to business or already successful.