I’ve Stopped Watching AI News…You Should Too

Summary

In this video, Liam Otley, creator of the AI Automation Agency Model, shares his insights on the pitfalls of being consumed by AI news. He explains how the constant pursuit of the latest AI tools and updates can lead to cognitive overload and distract from core business activities. Otley emphasizes the importance of focusing on proven, reliable technologies and engaging in revenue-generating activities rather than being a passive 'spectator' in the AI space. He encourages viewers to become active 'participants' by building personal brands and marketing their services in niche AI markets.

Takeaways

• 🚫 Avoiding the AI News Black Hole: The speaker emphasizes that constantly consuming AI news can be a distraction and prevent entrepreneurs from making money in the AI space.
• 📈 Prioritizing Business Growth: Focusing on building and scaling AI businesses is more important than being up-to-date with every AI tool and news article.
• 🔧 Sticking to Reliable Tools: It's crucial to use solid and reliable technology in AI solutions for clients, rather than always chasing the latest experimental tools.
• 🛑 Recognizing Distractions: The speaker discovered that tracking AI news led to cognitive overload and did not contribute to business success.
• ⏳ Time Management: Entrepreneurs should allocate their time to revenue-generating activities rather than non-productive news consumption.
• 📊 Assessing Value: Evaluate whether the AI news and tools are actually applicable and valuable to your business and client services.
• 📘 Specializing in Specific AI Solutions: Focus on mastering a few key AI platforms and tools, like Voiceflow for chatbots and OpenAI APIs, to build reliable solutions.
• 🌐 Broadening the Focus: Beyond AI news, avoid cognitive overload by not overburdening your brain with unnecessary information.
• 📈 Prioritizing Revenue Activities: Replace time spent on AI news with marketing, personal branding, and other activities that drive business growth.
• 🌟 Becoming an AI Participant: Transition from being an AI news spectator to an active participant in building and scaling AI businesses.
• 📹 Leveraging Personal Branding: Building a personal brand in the AI space through specialization and content creation can lead to success and opportunities.

Q & A

What is the main issue the video discusses regarding AI news consumption?

The video discusses the issue of being overwhelmed by AI news, which can lead to cognitive overload and distraction from productive activities that actually contribute to business success in the AI space.

Who is Liam Otley and what is his experience in the AI field?

Liam Otley is the creator of the AI Automation Agency model (AAA) and has been running and building AI businesses for over 16 months, generating over a million dollars in revenue across his businesses.

What did Liam initially think about tracking AI news and tools?

Liam initially thought that tracking AI news and tools would make him the 'smartest guy' in the space, knowing everything about the tools and being able to share this knowledge through YouTube videos and integrate it into his agency.

What was the result of Liam's attempt to stay updated with AI news and tools?

The attempt resulted in massive distraction and cognitive overload for Liam, without bringing any actual value to his life or business. He found that none of the tools he tracked were used in his client builds.

Why did Liam decide to stop tracking AI news?

Liam decided to stop tracking AI news because it was a misallocation of his time and mental resources, which could have been better spent on revenue-generating activities and building his business.

What is the difference between AI Spectators and AI participants according to Liam?

AI Spectators are those who passively watch videos and consume news without taking action, while AI participants actively build businesses, take steps to attract clients, and apply AI opportunities to generate revenue.

What does Liam suggest focusing on instead of AI news?

Liam suggests focusing on marketing services, building a personal brand, and engaging in activities that directly drive revenue for the business, rather than consuming AI news.

What is the significance of cognitive load in the context of this video?

Cognitive load refers to the amount of information working memory can process at any given time. The video suggests that overloading the brain with unnecessary information from AI news can hinder the processing of more valuable information needed for business success.

What is the one exception Liam makes for keeping up with AI updates?

The one exception Liam makes is for updates from OpenAI, as he primarily uses OpenAI products and his solutions are built on the OpenAI ecosystem.

What advice does Liam give for those interested in building an AI business?

Liam advises to focus on learning skills, building businesses, and engaging in activities that bring money in the door, rather than getting caught up in the endless cycle of consuming AI news.

How does Liam define success in the AI space?

Liam defines success in the AI space as actively participating in building and scaling AI businesses, generating revenue, and distancing oneself from being a passive spectator.

Outlines

00:00

🔮 Overcoming the AI News Black Hole

In this paragraph, Liam O'Tooley, the creator of the AI Automation Agency Model (AAA), shares his personal experience with the overwhelming amount of AI news and its impact on his business. He describes how trying to stay updated with every new tool and development led to a 'black hole' of information that distracted him from the core activities of his business. Liam explains that the constant search for the latest and greatest tools did not contribute to his success but instead caused cognitive overload. He reflects on his realization that the experimental nature of new AI tools found in news updates is not suitable for reliable client solutions, and emphasizes the importance of focusing on established, reliable technologies.

05:02

🚀 From AI Spectator to AI Participant

Liam discusses the distinction between being an AI Spectator and an AI Participant. He points out that watching AI news and updates is a form of procrastination that does not generate revenue or add value to one's business. Instead, he encourages viewers to focus on actionable activities that drive business growth, such as marketing services and building a personal brand. Liam stresses the importance of investing time in revenue-generating tasks and emphasizes that successful AI entrepreneurs are those who actively participate in building and scaling their businesses, rather than passively consuming information.

10:02

🌐 Prioritizing Open AI Updates and Business Efficiency

In the final paragraph, Liam narrows down the focus to Open AI updates, which he considers essential to monitor due to their leadership in the AI space and the fact that his business relies on Open AI's ecosystem. He suggests that by concentrating on Open AI's periodic updates, one can maintain business efficiency without being overwhelmed by the constant influx of news. Liam also provides actionable advice on what to focus on instead of AI news, such as creating YouTube videos, LinkedIn posts, and leveraging social media to market one's services. He concludes by highlighting the importance of cutting out unnecessary information to improve mental health and overall well-being, and invites viewers to share their thoughts and experiences in the comments.

Keywords

💡AI News

AI News refers to the latest updates, developments, and information related to artificial intelligence. In the video, the speaker argues that constantly consuming AI news can be a distraction for entrepreneurs, as it can lead to cognitive overload and detract from the core focus of building and scaling AI businesses.

💡Cognitive Load

Cognitive Load is the amount of mental effort being used in working memory. The video emphasizes that an overload of AI news can increase cognitive load, preventing entrepreneurs from effectively processing and applying the information that is truly valuable for their businesses.

💡AI Entrepreneurs

AI Entrepreneurs are individuals who are building businesses around artificial intelligence technologies. The video's theme revolves around the challenges and strategies for AI entrepreneurs, particularly the pitfalls of getting caught up in the AI news cycle instead of focusing on actionable business development.

💡AI Automation Agency Model (AAA)

The AI Automation Agency Model, or AAA, is a business model created by the speaker, Liam Otley, which focuses on leveraging AI to automate processes. It serves as an example of a successful approach in the AI space, contrasting with the distractions posed by AI news.

💡No-Code/Low-Code Solutions

No-Code and Low-Code Solutions are platforms that allow users to create applications without traditional coding or with minimal coding. In the script, these solutions are mentioned as part of the speaker's early successes, highlighting a practical approach to building AI applications.

💡Chat Bots

Chat Bots are AI-powered conversational agents that interact with users. The video discusses the speaker's experience with chat bot development tools like Botpress and Voiceflow, illustrating the trial and error process of selecting reliable technologies for client solutions.

💡Reliability

Reliability in the context of the video refers to the dependability of the technologies used in AI solutions. The speaker stresses the importance of using reliable, tested systems rather than constantly chasing the latest experimental tools found in AI news.

💡AI Spectators vs. Participants

The video contrasts AI Spectators, who passively consume information, with AI Participants, who actively engage in building and scaling AI businesses. The speaker encourages viewers to transition from spectatorship to active participation to achieve success in the AI space.

💡Revenue Generating Activities

Revenue Generating Activities are tasks directly linked to earning income for a business. The video argues that time spent on AI news is often better invested in revenue-generating activities, such as creating marketing content or building a personal brand.

💡Personal Brand

A Personal Brand is the public image and reputation an individual projects, often used for professional purposes. The speaker suggests that building a personal brand in the AI space, by specializing in a niche or region, is a more effective strategy than passively following AI news.

💡Mental Health

Mental Health refers to the state of an individual's psychological and emotional well-being. The video implies that reducing the consumption of AI news and focusing on meaningful business activities can have a positive impact on an entrepreneur's mental health.

Highlights

The AI news 'black hole' can distract entrepreneurs from making money in the AI space.

Liam Otley, creator of the AI Automation Agency Model (AAA), shares his experience with the AI news and its impact on business success.

Otley has generated over a million dollars in revenue across his AI businesses in 16 months.

The pursuit of the latest AI tools and news can lead to cognitive overload and detract from core business functions.

Otley's agency initially used Botpress but switched to Voiceflow, illustrating the cycle of chasing new tools.

Inspired by Matt Wolf's system for tracking AI news, Otley attempted a similar approach but found it overwhelming.

Keeping up with AI news did not contribute to Otley's business growth or client solutions.

The latest AI news often features experimental tools not suitable for reliable client solutions.

Focusing on established platforms like Voiceflow, OpenAI APIs, and Make.com is recommended for reliability.

Otley emphasizes the importance of doing revenue-generating activities over passive news consumption.

AI entrepreneurs should differentiate themselves from 'AI Spectators' who are not actively building their businesses.

Building a personal brand and specializing in a niche within the AI space can lead to success.

Otley suggests replacing time spent on AI news with marketing, personal branding, or other business-building activities.

Cognitive load from unnecessary information can hinder the brain's ability to process important business insights.

Otley recommends focusing on OpenAI updates, as they are leading the AI space and directly relevant to his business.

The video concludes with a call to action for viewers to prioritize meaningful activities over passive consumption of AI news.

Transcripts

trying to keep up with the AI news is

stopping you from making any money in

the AI space and in this video I'll be

sharing my experience with the AI news

black hole and explaining why you need

to give it up right now if you want to

have any success or any future in the AI

space if you are new to the channel and

don't know who I am my name is Liam

otley I'm the creator of the AI

automation agency model or AAA I've also

been running and building AI businesses

for the past 16 months and in that time

I've been able to generate over a

million dollars in Revenue across my

businesses so on this channel I try to

share my learnings and experience so

that you guys can do the same and and

with me take advantage of this AI

Opportunity by building and scaling your

AI businesses this video is going to be

a little bit different but nevertheless

it's something that you need to hear if

you're looking to start businesses in

the AI space so how did I get to this

conclusion that AI news was bad for AI

entrepreneurs um well let me take you

back to 2023 around this time of year in

May um and I'd started my agency we're

seeing some success we're starting to

sell at no Code and low code Solutions

as well as our custom coded Solutions um

and as soon as I started to getting into

these tools I started going oh well if

if I found this tool then what if

there's another tool that's even better

and what if what if I'm I'm not using

the most optimal tool for the job and I

think we're using bot press at the time

when we first started to build these

chat Bots um and sooner or later we

moved over to voice flow and I was like

oh well if if one tool was good and then

another one's better maybe I should set

up a whole system so that I can keep

tabs on everything that's happening in

the space and I can share it on YouTube

videos and I can build it into my agency

and I can just be like the smartest guy

when it comes to tools and I'll know

everything that's going on I'll be

tapped into everything in the space

that's what I thought and at the time I

saw a map wolf video Matt wolf you may

know he does AI new stuff and he showed

his system for tracking all of the the

stuff that's coming in the the articles

that are being released the YouTube

videos and he tracked it on on this big

trailer looking system and I was like

wow if he's doing that then I need to do

something similar so that I can be

tapped in and and have all of the the

tools coming straight into my brain um

long story short that ended up just

massively distracting me and causing a

huge amount of cognitive load and just

overloading my brain with a bunch of

crap I didn't need to have and I started

to notice I I I kept persisting cuz I

was like no this is good I I can make

YouTube videos on it I can plug these

things into the solutions we selling for

my clients um and no this this is good

this is something I should be doing and

then eventually I looked back on the

past 3 or 4 months of me using the

system and tracking it all and and I

went like if I actually use this is this

brought any value to my life or my

business and I looked through it and I

had not used any of the tools that I I

tracked or looked into um in any of the

client builds that i' done it was always

too experimental it was too cutting Edge

it was the latest news on what Google

was doing this it it just wasn't

applicable to the stuff that we were

selling and at the end of the day I'd

never actually implemented anything that

I'd watched or or learned about it was

all just load and and and mess and

clutter in my head that had really

distracted me from the the the primary

functions of the businesses for me which

is to attract new clients through

YouTube videos like these and in reality

when I was spending time watching people

with these tools or watching people with

these AI news updates I was spending so

much time that could have been put into

actually building my business and or

making my own videos I instead of

spending 20 minutes or an hour watching

YouTube I could have filmed two or three

YouTube videos in that space and just

the the levels of difference of impact

on on those two tasks and those two

activities is just completely different

and it was at that point that I realized

I'd been tricked I've been scammed not

by Matt wolf but I've been scammed by

the by my own brain to to convince

myself into thinking that I needed to be

tapped in I needed to be soaking it all

up or I'd missed something important um

and I realized when you're building AI

solution for your clients when you start

an AI agency or AI automation agency the

technology that you use in your builds

needs to be solid needs to be reliable

and anything by Nature that's coming out

on these news channels that's coming out

um on these new articles that are that

are being released the latest updates in

the space that's experimental and and

Cutting Edge technology and if you're

trying to sell these Solutions they're

not going to be anywhere near reliable

enough maybe in a year or two that stuff

will be applicable to your clients but

we need to stick to what we know we need

to stick to voice flow Bots we need to

stick to open Ai apis and boring regular

boring regular a llm apis and and non

fancy stuff because it's not going to be

able to deliver the high quality service

that you need and the consistency and

reliability if you're using some

startups product so my first point here

is that you do not need to watch all

this AI news crap because we have all of

the tools that we need to build and make

money we don't need to be looking for

new stuff right now if it's new it's

experimental and it's not going to be

able to be applicable to the clients

that we serve we need reliability we

need consistency we need predictability

and the way we get that is by using

tried and tested systems and platforms

voice flow for structured chat Bots we

you need to control the flow of the

conversation assistance API and there I

say it my own stive is built on top of

the assistance API so that you can build

conversational chat GPT like experiences

for your clients on top of open AI

assistance API so the structured chat

Bots and conversational open-ended chat

GPT like chat Bots and experiences and

things like make.com and Zapf

automations and relevance AI for for AI

tools you don't need to go much outside

of that and just stick to the things

that we know work rather than trying to

keep tabs and mental notes on on all the

latest and greatest stuff that's coming

out so on one hand we have the more

practical implication of does this

technology that I'm keeping tabs on

actually allow me to make money or

actually allow me to deliver Services of

value to my clients that they're happy

with and willing to pay for so step one

but then there's also the other side of

it entirely which is you are trying to

build a business and you only have a

limited number of hours in every day and

if you're investing some of those hours

in non Revenue generating activities and

things that aren't directly directly

tied to to Bringing more money in the

door then you are wasting your time you

are mentally masturbating you're

procrastinating on what work needs to be

done and I'll be fully transparent I was

I think to some degree I was I was

procrastinating as well I was thinking

somehow I can sit here and watch the

screen and it'll help me to make money

and be a better AI entrepreneur and in

reality I didn't see any flow through of

that to value my business we didn't

start growing exponentially all of a

sudden when I was watching videos and

keeping tabs on the news that's just not

it and and from the people that I know

in my accelerator and in the community

and from my own personal experiences the

guys and girls who were making money in

the space are not the ones sitting there

watching YouTube videos or tracking all

the news and being active on Twitter it

is just so far from the stuff you need

to be doing and it this comes back to

something that I talk about a lot on the

channel which is the difference between

AI Spectators and AI participants and I

I hate to say it but you may be a a

spectator you may be I mean if you're

watching my video and you haven't

started an agency and you haven't taken

action and and tried to go out there and

and messaged every person in your in

your contact list and every person on

your Instagram and asked them and said

hey do you know anyone who's interested

in in these things I can build for you

if you haven't started taking those

steps and and really moving yourself

towards being a participant and actually

taking this AI opportunity for for what

it's what it's worth then you're you're

a spectator and it's I think it should

feel dirty it it is it feels like a

dirty word where you're just spectating

you think you're and you're mentally in

the space you're clocked in you're

you're sitting there thinking that

watching these videos is going to

somehow translate to success in the AI

space and it's not I'm sorry to break it

to you but it's not going to be handed

to you it's not going to be handed to

you through YouTube video as much as as

I try to do this for you and and try to

create videos that hand you the

information you need to succeed in the

space and start your agencies end of the

day you're the only one moving the

moving the mouse and clicking the keys

you need to go and actually do it you

need to put those things into practice

you need to do the activities that are

actually going to drive r revenue for

your business when we think about

Spectators and participants if you are

trying to be a participant you need to

do everything you can that's the the

antithesis or the opposite of what these

Spectators are doing they just scrolling

on Twitter they're they're talking crap

they are watching YouTube videos you

need to be doing the absolute opposite

cuz your job is to put as much distance

between you and them as possible and

every time you make an action it's it's

sort of adding up to this tally of am I

distancing myself from them and if

you're serious about succeeding in the

space it is doing the opposite of what

all these people and I I think it's a

it's a clear example of the number of

Spectators in the space and and not not

to not to bash Matt wolf he does a great

service to the community and putting the

AI news out there for people who need to

be tapped in for PE keyword people who

need to be tapped in of course Matt wolf

has a system for tracking all the news

he's an AI news guy I'm not an AI news

guy I don't need to know all this stuff

I'm ai ai agency owner and and I teach

people how to build these businesses

like it's I don't need to know all that

stuff and and neither do you so I want

to plant this cont in your brain of

every time you're doing something and

you you think you're working on your

business you need to be clear about is

this actually putting any distance

between myself and and The Spectators

cuz that's the only thing you should be

concerned about right now is how far can

I get from these guys who refuse to take

action and just sort of pedal in the

space to people who are actually

building businesses and learning skills

it's going to take them further cuz

there's a big gap between us right now

and myself and and the other people who

are actually active participants are

running away with the game right now and

I'd love for you to join us but it's not

going to happen if you continue to

prioritize the wrong thing okay so

recapping my points here first is that

the technology you're going to find in

these News videos is not even applicable

to what you're actually building with

your clients and point two is that

watching these videos and keeping up on

the news is a misallocation of your

resources when you need to be putting it

into Revenue producing activities within

the business so that you can dis

yourself from The Spectators um into the

participants group and finally for point

three I want to broaden this outside of

AI news to all news in general cognitive

load refers to the amount of information

that our working memory can process at

any given time if you are continuing to

load your brain with unnecessary and and

unhelpful information you're just going

to overload your brain and and block it

from soaking in and processing the

information that you really need to be

baking into your long-term memory which

is how can AI help businesses okay what

techniques should I be using to scale

this or or start these kind of videos or

you just do not have enough brain in

this finite Cranium up here and then the

brain that you have in your head does

not have enough juice to also be

juggling oh what's happening in the news

oh something's happening in France oh

cool oh wow Australia's had it's just

you're clogging up the information

highways in your brain with stuff that

it's just never going to make you a dime

and I know you might think oh but I need

to be up to date on on the current

events in the world like what if

something something happens trust me

your job and my job right now is just to

make as much money as possible build

ourselves into people who are capable of

generating and attracting tons of wealth

by the skills we have and the

connections that we've built and then

maybe when you've got 5 or 10 million

stacked up and you've got a lot of

wealth to preserve then maybe you start

thinking about okay the economic

situation of the world but right now

right in front of our face we have an

opportunity and we need to go all in on

learning skills building businesses and

focusing on activities that are actually

going to bring money in the door and

before I wrap things up I know I need to

answer the question of like okay but but

what about open AI updates like should

should we not be watching them yes yes

that is the one thing that as you saw my

recent video that is the one thing that

I will actually look into because open

AI is leading the space and I basically

only use open aai products and and the

solutions that I sell to my clients and

my S is built on the open AI ecosystem

as well so by narrowing down instead of

being this agency that just does all of

it I just work with open AI so I only

need to listen to open ai's news and

that's 2 or three times a year so by

simplifying my business down to the

leading AI company I can just focus on

what Sam mman and the team say over

there and every few months I just sit my

butt in a chair and and watch their

release it's great I just get these

little doses of the important stuff that

I need and that allows me to to run my

business as as efficiently as possible

and finally I couldn't make this video

without some kind of takeaway of what

you should be focusing on instead of AI

news and if you strip this chunk of your

day and your week out what do you now

fill that with and it goes back to what

I said earlier in the video which is

instead of spending an hour doing this

rubbish you could make one YouTube video

in that time or you could make two

LinkedIn posts or you could start

posting on Twitter if you can replace

this this news and and keeping up

activities with things like marketing

your services or building a personal

brand I am living proof that this stuff

is worth it and that there is a massive

opportunity for building personal brands

in the AI space and specializing in

something I specialize in in creating AI

agencies and teaching people how to do

it you can specialize in how real estate

agents can do XYZ with AI or or how

ruers can there's so many little niches

In Pockets that are just waiting to be

filled or I'm the the Liam otley in in

Latin America I'm the Liam mle in Brazil

so many people come and say that's

exactly what I'm doing I'm just copying

your strategy but I'm doing it in my

country great I I want you guys to win

at the end of the day you know that I

only win if you guys win I only win with

my my software and and my products if

I'm able to get you guys to win and

become successful agency owners you have

no use for what I do with the software

that I'm trying to build for for AI

agency owners if you're not signing

clients and being successful so I'm here

for you to help you win and please

listen to what I've said in this video

because it's made a meaningful

difference in my business a meaningful

difference in my mental health and

overall well-being so please cut the

stuff out of your life and you'll be

amazed by the results if you're

interested in seeing what a week of my

life here in Dubai as an AI agency owner

looks like you can check out my recent

vlog here if you have enjoyed please hit

down below and leave a like um leave a

comment down below i' love to hear your

thoughts on this or your experiences I'm

sure many of you have have been down the

same road as me so I'd love to hear that

down below and of course subscribe to

the channel if you haven't already for

more videos like this teaching how to

build businesses and succeed in the AI

space so that's all for the video guys

thank you so much for watching and I'll

see you in the next one