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Artificial Intelligence Can Do Everything Now. <\/p>\n
getty<\/p>\n
Artificial intelligence (AI) has been more than a buzzword for the last couple years; it is literally taking over every single aspect of how businesses are run. Big corporations have even started hiring Chief Artificial Intelligence Officers to ensure their organizations are getting the most out of AI tools, largely to replace slow\/expensive human-driven tasks with fast\/inexpensive technology-driven tasks. The applications are literally endless, but this post should help inspire you to rethink everything you are doing in your business, as there is probably a technology out there that can do it faster and cheaper.<\/p>\n
I did a little researching on Google to see what AI tools I could stumble upon, and I was amazed at the breadth and depth of AI tools I found:<\/p>\n
Need a business plan<\/a>?<\/p>\n Need market research<\/a>?<\/p>\n Need competitor analysis<\/a>?<\/p>\n Need products designed<\/a>?<\/p>\n Need marketing help<\/a>?<\/p>\n Need customer service support<\/a>?<\/p>\n Need technology coded<\/a>?<\/p>\n Need financial reporting<\/a>?<\/p>\n Need fund raising<\/a>?<\/p>\n Need to recruit staff<\/a>?<\/p>\n Great, there are now AI tools out there that can quickly and easily do all of these tasks. Yes, you can get a lot of these same topics addressed from the main AI engines like ChatGPT, Claude and Google, but the businesses linked above are mastering their craft in each of these specific verticals. So, as we are all experimenting with these main AI engines, we should also be experimenting with some of these niche solution providers we have never heard of before, as maybe they have a better \u201cmousetrap\u201d (at least for now).<\/p>\n Why do I share this? For three reasons. Firstly, an \u201cold timer\u201d like myself (aged 56) would have done what I normally would have done for these topics: hire people or consultants that produce the work product needed. Because that is how I have always done it. I didn\u2019t even know there were other technology driven options out there that could help me move faster and cheaper. And I am guessing there are a lot of other people out there that would have done the same thing. So, I encourage you to take a pause, see what technology options are available to you and see if they can help you save time and money versus the \u201cold ways\u201d of doing business.<\/p>\n Secondly, if these new technologies prove effective, it is going to dramatically decrease the amount of capital that will be required to get new startup businesses launched and operating in the market. Which means the speed at which your business faces new competition will be much faster. So, you no longer have the benefit of \u201cresting on your laurels\u201d or coasting based on your past successes. It won\u2019t take long for some smart AI coder to launch a better product, making your business obsolete. So, you need to protect your turf and go on the offensive: figure out how AI can help you with your product development roadmap and innovation efforts. If you don\u2019t, someone else will!<\/p>\n Thirdly, all human workers out there should be \u201cshaking in their boots\u201d, in terms of thinking about their job security. Yes, companies like Amazon or Google say AI will help reduce their future hiring needs, letting them grow more efficiently while keeping all of their current staff. But lets not fool ourselves; companies are driven by their shareholders that are seeking higher valuations, typically from higher profits. And what is the best way to increase profits? Replace a $60,000 a year salaried person with a near-free technology! Yes, I am talking to all you graphic designers, technology developers and customer service agents!<\/p>\n While that may sound great for that specific company\u2019s bottom line, if all companies out there are employing this same logic, this could mean massive layoffs in the years to come, with no replacement jobs that will enable them a \u201csoft landing\u201d. It wouldn\u2019t surprise me if a majority of Americans were living on welfare in the next decade or two, which is a pretty bleak forecast. The stock market may do great, with all the accelerating corporate profits as technologies replace people. But the average American and their consumer spending power is going to be materially impacted for the worse.<\/p>\n Yes, all of these new technologies are very cool. Who doesn\u2019t want to move faster and cheaper on their growth plans? But when you think about the long term implications of these AI technology advancements, it doesn\u2019t paint a very rosy picture for the future of most average Americans. So, if you are worried about getting potentially disintermediated by technology (which should be most of you!), start putting your \u201cdefense plans\u201d in place now. Start training yourself up with new skills that won\u2019t get cut by profit-hungry management teams. Who knows, maybe you can use the AI technologies to your advantage, in launching the next really great startup that everyone will be using.<\/p>\n It will be very interesting to see how this all shakes out in the coming years. At a minimum, you all need to be learning how AI technologies can help your businesses and or your specific roles. If not, you may not have a profitable business or a defendable job for much longer. Sorry to be \u201cdoom and gloom\u201d here, just calling it like I see it.<\/p>\n \u2014<\/p>\n George Deeb is a Partner at Red Rocket Ventures<\/a> and author of 101 Startup Lessons-An Entrepreneur’s Handbook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Artificial Intelligence Can Do Everything Now. getty Artificial intelligence (AI) has been more than a buzzword for the…\n","protected":false},"author":2,"featured_media":434840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[35377,256,254,255,64,63,198,5449,1483,14267,105],"class_list":["post-434839","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-a-i","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-entrepreneurship","tag-human-resources","tag-startups","tag-strategy","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/434839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=434839"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/434839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/434840"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=434839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=434839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=434839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}