HOW To Get RICH with A.I. (2024)
Summary
TLDRThe video script discusses the impact of AI on businesses and jobs, emphasizing that AI is not about uprooting industries but enhancing them. It highlights the importance of understanding AI's potential and how to leverage it for business growth. The speaker outlines three ways AI can be used to increase efficiency and profitability: in agencies for communication, in content creation for idea generation, and in consultancy for administrative tasks. The key takeaway is that AI offers unprecedented leverage, but success depends on human initiative and the ability to adapt and foster relationships.
Takeaways
- đ AI is not about uprooting everything but improving upon existing systems, similar to historical turning points like the plow or the printing press.
- đ§ AI's uniqueness lies in its ability to productize skills, something traditionally unique to humans, which is a first in history.
- đ The rate of AI advancement is exponential due to Moore's Law, meaning computer power and AI capabilities are growing rapidly.
- đĄ The current limitation of AI is not the technology itself but our ability to ask the right questions to leverage its full potential.
- đ Governance of AI is a significant question, with concerns about its potential impact and the need for oversight to prevent misuse.
- đź The future of AI is uncertain, with both opportunities and challenges, and it's more practical to focus on short-term applications than long-term speculation.
- đ AI is likely to replace jobs, but it also offers opportunities for individuals to adapt and use AI to enhance their value and skills.
- đš AI is excelling in traditionally 'human' domains like creativity, with examples of AI winning fine arts competitions and challenging traditional job roles.
- đ AI has the potential to analyze vast amounts of data, making it a powerful tool in fields like medicine where it could improve diagnostics.
- đ AI can provide leverage by automating tasks, allowing individuals to increase output without additional personal input, similar to hiring employees.
- đ There are three main ways AI can be used to make more money: enhancing agency work, aiding content creation, and supporting consultants or coaches.
Q & A
What are the three core components one needs to understand about AI according to the script?
-The three core components are: understanding the AI Revolution, discussing how it will affect the real world, and learning how to make money with AI.
How does the script describe the historical impact of technological advancements like the plow, printing press, and the internet?
-The script describes these advancements as improving upon what was already there without uprooting the fundamental principles of their respective domains, such as making farming easier with the plow, making information more accessible with the printing press, and allowing businesses to expand with the internet.
What is unique about AI in comparison to other technological advancements mentioned in the script?
-AI is unique because it is the first time in history that something typically unique to humansâskillâhas been productized.
Why did the public start hearing more about AI around November 30, 2022, according to the script?
-The public started hearing more about AI around this time because tools like chat GPT democratized access to AI, making it more widely known and discussed.
What is the significance of Moore's Law in the context of AI advancement mentioned in the script?
-Moore's Law, which states that the number of transistors on a microchip doubles approximately every two years, signifies the exponential growth of computer power, which, when paired with self-learning AI models, suggests limitless opportunities for advancement.
What is the current bottleneck in utilizing AI to its full potential, as mentioned in the script?
-The current bottleneck is not the technology or learning models themselves, but our ability to ask AI the right questions effectively.
How does the script suggest AI governance might be a significant issue in the future?
-The script suggests that AI governance is significant because AI presents both tremendous opportunities and challenges, with prominent leaders warning of its dangers, and even the CEO of Open AI acknowledging the potential for some robots to harm humans.
What is the script's stance on the short-term versus long-term effects of AI on jobs and the workforce?
-The script emphasizes the importance of focusing on short-term effects, acknowledging that some jobs will be replaced, and suggesting that individuals can adapt and use AI to make themselves more valuable rather than speculating on long-term, unpredictable outcomes.
How does the script discuss the potential for AI to impact the creative industry?
-The script discusses that contrary to previous beliefs, AI is already outperforming humans in creativity, as evidenced by an AI winning a fine arts competition, and suggests that AI will continue to make inroads into traditionally human-dominated creative fields.
What are some practical ways the script suggests to use AI for business leverage and increased productivity?
-The script suggests using AI for tasks such as writing emails, generating ad copy, creating product photos, and automating content creation, which can save time and allow business owners to focus on strategic decisions and relationship building.
How does the script view the role of AI in the consulting and coaching industry?
-The script views AI as a valuable tool for consultants and coaches, capable of transcribing notes, creating presentations, and performing Excel analyses, thus greatly reducing the time spent on these tasks and allowing professionals to focus on higher-level activities.
What is the final message of the script regarding the opportunity presented by AI?
-The final message is that AI presents a golden opportunity for leveraging human abilities and that it is up to individuals to decide whether to seize this opportunity or be left behind, with the barrier to entry for starting a business or side hustle being very low.
Outlines
đ§ AI's Impact on Business and Skill Revolution
The video script begins by addressing the widespread alarm about AI's potential to disrupt everything. It emphasizes the need to understand three core components: the AI Revolution, its real-world impact, and leveraging AI for profit. The speaker argues that historical technological advancements have built upon existing principles rather than uprooting them, as AI is now doing with human skills. AI's recent democratization through tools like Chat GPT is highlighted as a significant change, allowing anyone to harness AI's power. The script also touches on AI's rapid advancement due to Moore's Law and the current bottleneck in effectively querying AI systems. It raises questions about AI governance and the potential risks and opportunities it presents, urging viewers to consider both short- and long-term effects on various industries.
đ AI's Real-World Application and Workforce Transformation
This paragraph delves into the real-world applications of AI, distinguishing between short-term and long-term effects. It acknowledges that AI will replace some jobs but emphasizes the importance of adaptation. The speaker suggests that understanding and utilizing AI can make individuals more valuable. The paragraph discusses the misconception that physical labor would be the first to be automated, but instead, AI is making inroads into creative and professional fields, such as fine arts and medical diagnosis. The potential for AI to tailor content to individual preferences is also highlighted, suggesting a future where AI could create personalized experiences in entertainment and advertising.
đŒ Leveraging AI for Business Growth and Opportunity
The final paragraph focuses on how AI can be used to leverage business growth and create new opportunities. It contrasts the redundancy of certain jobs with the potential for individuals to adapt and use AI to enhance their roles. The speaker provides three examples of how AI can be utilized: in agencies to automate communication tasks, in content creation to overcome creative blocks and increase productivity, and by consultants or coaches to streamline administrative tasks and client interactions. The paragraph concludes by emphasizing the importance of fostering relationships and making strategic decisions, suggesting that AI tools will become more prevalent and that the current window of opportunity should be seized.
Mindmap
Keywords
đĄAI Revolution
đĄDemocratization of AI
đĄMoore's Law
đĄLeverage
đĄAI Governance
đĄReal-World Application
đĄJob Displacement
đĄAdaptation
đĄContent Creation
đĄProductization of Skill
đĄStrategic Decisions
Highlights
AI's impact on businesses and YouTube channels has been exaggerated, but understanding three core components is crucial for staying ahead.
AI is not about uprooting existing principles but enhancing them, similar to historical technological advancements.
AI has been around for decades, but the accessibility and democratization of AI tools like chat GPT have changed the game.
Moore's Law implies exponential growth in computer power, which, when combined with AI, opens limitless opportunities.
The current limitation of AI is not the technology but our ability to effectively ask questions and interact with it.
Governance of AI is a significant concern, with warnings from prominent leaders and the potential for AI to present challenges.
AI's real-world application should consider both short-term and long-term effects, with an emphasis on adaptation to avoid obsolescence.
The misconception that AI will first replace physical labor is being challenged as AI excels in creative tasks.
AI's potential in the medical field could lead to more accurate diagnoses and personalized treatments.
AI can tailor content to individual preferences, creating personalized experiences in entertainment and advertising.
The workforce should focus on adaptation to AI rather than resistance, as AI can make individuals more valuable.
AI offers unlimited leverage, previously only available through hiring employees, now accessible to anyone.
Agencies can use AI to streamline communication and creative processes, saving time and increasing efficiency.
Content creators can leverage AI for idea generation and to overcome creative blocks, expanding their client base.
AI tools are emerging for various tasks, from photo editing to Excel analysis, reducing the time spent on manual work.
Consultants and coaches can utilize AI for note-taking, presentation creation, and data analysis, enhancing their service offerings.
The importance of fostering relationships in business remains, as AI cannot replace human connection and strategic decision-making.
There is a golden opportunity for individuals and businesses to capitalize on AI, with the decision to seize it being crucial.
Transcripts
so just about every single business
YouTube channel has sounded the alarm on
how AI is going to uproot everything and
how we're all basically [Â __Â ] and they
are all wrong well kinda so there's
three core components that you really
need to understand in order to not be
left behind when it comes to AI firstly
there's the AI Revolution second we need
to discuss how it's actually going to
affect the real world and thirdly you
need to understand how to actually make
money with AI now here's the thing if we
look back through history every single
Turning Point has improved on what was
already there I mean the plow for
example it's simply made farming easier
it didn't uproot the principles of
farming itself or the printing press it
made information more easily accessible
and the effects of that were huge but it
didn't change the information itself I
mean even the internet fundamentally the
internet simply allowed brick and mortar
businesses to expand to anyone with an
internet connection but how is AI
different because it is you see for the
first time in history AI has productized
something that is usually unique to
humans and that's skill one thing most
people don't actually quite understand
is that AI has been around for many many
many years it's just we're starting to
hear about it now or to be more accurate
we've really been starting to hear about
it since the 30th of November 2022 and
that's because with tools like chat GPT
access to AI has now been democratized
and that's a really big change because
now anyone can use AI to their advantage
or their detriment depending on their
skill level and whether they know how to
navigate and how to use it now chat GPT
can basically do just about any task and
that's already very impressive but what
you really need to keep in mind here is
ai's rate of advancement you see in Tech
there's a law known as Moore's Law and
this law states that the number of
transistors on a microchip will double
every two years or put simply computer
power grows exponentially now if you
pair text exponential rate of growth
along with AI models that are able to
learn by themselves well then the
opportunities are really Limitless but
as it currently stands chat gbt's
biggest limit isn't actually the
technology or the learning models itself
it's our ability to ask it questions in
other words at the moment we're pretty
much the biggest bottleneck now one
other very big question especially
depending on how conspiratorial you want
to get is how AI is actually going to be
governed because listen there's no doubt
that AI presents tremendous
opportunities as well as tremendous
challenges I mean some of the world's
most prominent leaders have long warned
of the dangers of AI and the CEO of chat
gpt's open AI even said himself some
robots will Kill Some Humans so now they
have a little bit of understanding for
those that maybe didn't understand what
this is or what it came from now let's
talk about real world application and
it's really important to separate the
short-term effects with the long-term
effects because listen matter of fact is
we don't know where AI is going to be in
10 years maybe it kills humans maybe it
doesn't so rather than speculating which
I personally never like to do with
technology because some people have a
vision that by 2035 we're all going to
be in flying cars and there's going to
be ships in implanted all our brains and
stuff like that I just think these
things are too hard to predict so
instead I prefer to analyze the
short-term future So to that point will
everything Crash and Burn no but will
some people be replaced absolutely and
are there things you can do in order to
make sure that you do not get replaced
or become obsolete a hundred percent
because quite frankly if you know how to
use AI in the right way you actually
have an opportunity to make yourself
more valuable than ever before and I'm
going to share that with you in just a
few moments but we do need to pose a
question who will be replaced by AI now
it's funny because a few years ago
everyone thought that once robots her AI
went mainstream physical labor would be
the first on the chopping block then
once they were replaced AI would then
come for sort of the more white collar
jobs and then eventually at some point
would take over the creative industry
now as it turns out it seems as though
that order has actually been flipped on
its head I mean what previously seemed
inconceivable is now happening in real
time AI is actually beating humans and
what was thought to be most human
creativity and in fact just a few months
ago we saw an AI win a fine arts
competition against other humans and
there are a ton of AI companies
sprouting up all over the place trying
to emulate The Works of doctors and
lawyers and eventually once again we
don't know how long it will take but
eventually it'll probably succeed think
about it for a second would you be more
prone to trust an AI doctor that's
analyzed millions of cases patient
records and has access to all medical
literature or just some guy who
graduated med school before you were
even born and when things in the medical
industry was very very different to what
it is today so if AI is able to diagnose
all of our ailments it will also be able
to find out what makes us tick I mean
most people are already addicted to a
simple algorithm on Tick Tock now
imagine when AI is able to tailor
everything you see to you not just for
you but specifically made to your liking
I mean theoretically AI could create the
perfect show for you it could create the
perfect ad it could create the perfect
game theoretically it could create
anything specific tailored to you to
reel you in now what does this mean for
the rest of the workforce I am not going
to sugarcoat things a lot of people will
be let go and a lot of people will be
replaced but quite frankly this is going
to happen anyway I mean just look around
you look at the mass layoffs especially
in tech companies when a guy like Elon
walks in one day into headquarters and
realizes half of you guys don't do
anything so this trimming of the fat was
gonna happen regardless but AI has sped
things up and has made even more
people's position obsolete or
unnecessary now whether you're an
employee or an entrepreneur what's going
to separate those that get [Â __Â ] and
those that don't is really your speed of
adaptation you saw a very similar thing
happen between 2005 and 2010 when it
came to people's speed of adaptation to
the internet and social media now tons
of jobs will simply be made redundant
now you can either sit back and watch AI
take over your job or you can use AI to
make yourself more valuable now what do
I actually mean by that you see with AI
you have all the knowledge and Baseline
of skill in the palm of your hand and in
the same way AI can take your job you
can also use it to make yourself better
at your job so with all of that being
said one question Still Remains which is
how can you use AI to take advantage and
make more money you see whenever an
opportunity vanishes because of a
technological advancement another
opportunity emerges but but they don't
last forever which is why you need to
capitalize on the opportunities while
they persist now when we're talking
about implementing AI into your business
what we're really talking about here is
leverage you see Leverage is the ability
to increase your output without
straining your own required input so
what's really insane about AI is that
it's essentially a newly free way of
getting unlimited leverage because
previously you'd need to hire someone in
order to get that leverage I mean that's
how I had to go about it when I started
my first business back in 2016 and I
hired my first employee a year later in
2017. and that allowed me to scale my
first business from zero to twenty five
thousand dollars in the space of a year
by using the leverage by using other
people but the crazy thing is now anyone
has that leverage so let me actually
show you three ways you can use AI to
make more money now the first one is
agency you see if you run an agency it's
obvious that AI will be able to help you
with all sorts of forms of communication
so let's say for example you spend two
hours a day writing emails well with the
AI they can be written for you and you
really just need to validate them and
just like that you spend a fraction of
your time on emails and over the space a
month this can be dozens of hours saved
and this hours that you can spend
working on your business rather than in
your business and that's really just the
most surface level use of AI the key
here really is that AI allows you to
work on your business which is something
that you only had the luxury of doing
before if you had employees so let's dig
a Little Deeper here let's say for
example you run a paid traffic agency
you can now use tools like Jasper to
write all of your ad copy and all you
need to do is test and validate and the
use of AI extends Way Beyond just
writing tasks there are now softwares
that can generate product photos for you
as well as any other images you need and
this streamlines the entire process I
mean something that previously needed a
whole team of people and many days of
work can now be done in just simply a
few hours and sure you could say oh how
sad is it that now these people are out
of work well these people will never be
fully out of work because there always
needs to be that final human sign off
that final human touch to it and in the
same light these two will can now pivot
adjust and start looking at other
domains and just like companies will use
AI to cut costs you can also use AI in
your own business to do more and this
brings us on to our next point which is
content creation if you are a content
creator or a copywriter AI essentially
gives you access to unlimited number of
ideas no more creative blocks you have
everything you need to start the process
I mean if you are a writer you can use
AI to kind of build out the skeleton and
the framework and then you can simply
fill in the blanks and that means if you
can only handle let's say 10 clients
before now you can probably handle 20
Clans because you are using the power of
AI and helping you really get halfway
there no more ideation sessions pretty
much just pick an idea and execute on it
I mean you really have no excuse not to
come up with something new you are just
merely Bound by your ability to ask
questions I mean if we really look back
in history and analyze the greatest
thinkers what separated them from
everyone else it was really their
ability to ask the right questions at
the right time and AI doesn't take that
ability from anyone all it does is help
people get more interesting answers and
there are tons of AI software's coming
out that will affect all areas of
content creation Adobe just released
their AI which allows you to edit photos
by typing directions and it's only a
matter of time before the same softwares
will exist for video editing and that
means that pretty much anyone can edit
photos in a way that previously only a
handful of people could and that's
pretty much all because the skill has
been productized now you might be
wondering why doesn't everyone use these
tools if it's so easy well even though
we have new access to information and a
new skill fundamentally humans are still
the same and that means we're just lazy
we're lazy we're comfortable and even
though the internet wasn't enough we now
have this thing called AI that we can
use to build businesses to make money
and we can use it in unison with us with
our ability most people just simply
won't do it they're too lazy they're
stuck in their ways and that brings us
on to our third way to make money with
AI and that's if you're a consultant or
a coach you see if you're a consultant
of any sort AI can become your best
friend even Microsoft they just launch
an AI AI that complements their Suite of
products called copilot its workflow is
a little something like this are you
meeting with a client well the AI will
transcribe notes for you and even give
you a summary of the key points and
action items need to make a presentation
well the AI will create PowerPoints
based on the action points and can even
tailor the presentation to your client's
branding need to do an Excel analysis
well don't worry the AI will do that for
you too all of these things are things
that used to take a couple of hours
couple of days to complete and now you
can do it in minutes and the effects of
that is almost incalculable and this
golden window of opportunity for you to
use this before everyone else catches on
and the best part is tools like this
will become more prevalent now you might
be wondering where does this leave you
in the equation that leaves you in a
situation where the most important thing
you need to do is Foster relationships
and if you think about it all of these
big Executives and all of these people
at the end of the day fundamentally
that's what they do the best business
owners make a handful of strategic
decisions and maintain and grow
relationships that means that it's time
to capitalize on your uniquely human
qualities and use the leverage that AI
has afforded to you now if you want to
get a better understanding of what
business models could be used best with
the AI and with the way the business is
being run in 2023 check out the first
link in the description it's one of my
most popular videos and I think it'll
give you a little bit of direction on
which way to take things in 2023 so I
think you realize from this video that
you have a golden opportunity in front
of you and it's your choice whether you
want to seize it or whether you want to
be decimated by it that is your decision
to make but I remind you we are in an
incredible period in the world where
literally anyone can use leverage
basically have employees in the form of
AI for free with a barrier to entry to
start a business or even just a side gig
or a side hustle is so low and the only
thing that's left in the equation is how
serious are you is this a I want to do
this or I will do this that's your
decision to make but as always I'm
rooting for you and I'll be watching you
from afar
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