Launch Your AI Business with GPT3: Step-by-Step Guide

Key insights

• 🚀
  Creating an AI business requires commitment, leaving one's comfort zone, and learning new skills, but the potential payoff can be significant, as seen with Tweet Hunter selling their AI business for $2 million after only 15 months.
• 🚀
  Identifying the target audience and delivering the solution to their specific problem is key in building a successful business.
• 💻
  Choosing between a web app, mobile app, or Chrome extension depends on the target demographic and the problem being solved, requiring careful consideration.
• 🎨
  In the AI industry, there is a growing emphasis on value through design and user interface, highlighting the importance of a well-designed website.
• 🌐
  Platforms like Reddit and Product Hunt are great places to showcase and gather feedback for AI tools, allowing you to gauge interest and improve the product based on user response.
• 💰
  The cost of hiring developers for an AI business can vary greatly, ranging from a few thousand dollars for a simple tool to half a million dollars a year for top Silicon Valley developers.
• 💰
  Paying developers in milestones can be a recommended approach for building an AI tool, ensuring progress and quality control.
• 🤝
  Forming an equity split with a trusted developer can be a beneficial long-term strategy for building a successful business.