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

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This article is a summary of a YouTube video "Unlock The Secret to Starting an Ai Business" by Brett Malinowski
TLDR Openai's GPT3 has the potential to drive organic growth, and web apps, Chrome extensions, and developer communities can help businesses create successful AI products.

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.

Timestamped Summary

  • 🤖
    Openai has released GPT3, an AI product with potential to make millions.
  • 💡
    Focus on creating a great product to drive organic growth and consider web apps as a delivery method.
  • 💻
    Developing a web app first is recommended before investing in a mobile app due to the higher cost and barrier to entry.
  • 💻
    Chrome extensions offer a great balance of convenience and competition for consumers.
  • 🤔
    Hiring a developer for your business can be daunting, but Upwork and Discord communities can help you find the right one.
  • 🔎
    Join our free developer community to find developers or look for work!
  • 🤝
    Interview 10 developers and create a minimal viable product to test on Reddit/Product Hunt.
  • 🤝
    Align incentives with a trusted partner and use Notion to track progress for successful execution of your AI business idea.
Play video
This article is a summary of a YouTube video "Unlock The Secret to Starting an Ai Business" by Brett Malinowski
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