I’ve Stopped Watching AI News…You Should Too
Summary
TLDRIn 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
🔮 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.
🚀 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.
🌐 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.
Mindmap
Keywords
💡AI News
💡Cognitive Load
💡AI Entrepreneurs
💡AI Automation Agency Model (AAA)
💡No-Code/Low-Code Solutions
💡Chat Bots
💡Reliability
💡AI Spectators vs. Participants
💡Revenue Generating Activities
💡Personal Brand
💡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
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