10 AI Business Ideas in 43 Minutes

Date
Duration
45 min
alright i'm setting my timer i'm gonna give myself thirty one minutes to give you ten specific ai business ideas i feel like i could rule world i know i could be what i want to from at all in in like a day's all on a roll you don't doing this because i see a lot of stuff on youtube that's like hey ai is the next big thing and then they're like you're like okay what how for me what should i do with it and there's no answers or ai is gonna kill us all like really shit how and like we don't know so i just don't like the the just general enthusiasm without the specifics and so this is all about the specifics and i think i'm well qualified if to do this because i've my whole life i've been an entrepreneur and i've been an idea i ran an idea lab where was basically funded to just come up with business ideas and then build them for six years i then have a podcast now this podcast is all about business ideas i've also invested in the last year maybe two million dollars into ai company so i've about a dozen companies and i said yes too plus probably another hundred or so that we passed on i've seen a bunch in this ai space i know what the the best entrepreneurs is silicon valley are doing that's where i live and so i wanted to share with you my list from number ten to number one number one being the best the biggest opportunity that i see in the in these space that if i wasn't just chilling out rich and happy and be a dad i would go and jump in and do these right away instead i'm gonna invest from the side i hope somebody takes an idea from this list and just goes and does it but before i tell you the ideas a quick little history lesson a quick little trip down memory lane a little i told you so three years ago on this exact podcast i did an episode called is gp the next big thing i think it was like episode ninety four we're on like five hundred now and this was back in july of twenty twenty so it's like covid had just hit people are freaking out but me and sam got on set podcast podcasts that we sent is gp three the next big thing we had gotten access to this tool that there was no chat gp at the time you had to like get a favor from somebody to even be able to try it and we used it to write wrap lyrics which of course being idiots that we are we thought oh that's the best thing we can do with artificial intelligence and so we well we thought it was amazing we were like wow this is really good and we the episode is gp the next week thing were basically saying yeah it will be now that's twenty twenty fast four today open is worth ninety billion dollars they're doing a billion dollars a year chad gp is the fastest growing product in history to hit a hundred million users you know so i'm not saying that we called it i'm not saying that we're business geniuses kinda did and we kinda are so you know if if you listen to me then you probably coulda made a bunch of money listen to me now because i got for today i gonna share with you ten specific ai business ideas ranging from simple doable things for somebody who's non technical all the way to like moonshot really big ideas that i think are game changing and so i'm gonna read you the list from number ten to number one they include things from about you know robotics and therapy and celebrities and education to porn to i got everything and the last one the very last one i think is the biggest idea that exists today so the biggest i think it is the biggest opportunity that exists today for any entrepreneur you know like when you think about mark zuckerberg stumbling into sort of like the social networking craze or you know when steve jobs created the iphone and that changed everything there are these sort of change everything moments and like you i was a kid when the internet came out i'm thirty five years old now so i was you know i remember being on the internet as like a twelve or thirteen year old using like you know whatever very basic dial up connections and bb forums and stuff like that but it was clear to me that the internet was a thing it's just i a kid so i didn't think about how i could bend like i just wanted to use it i didn't think about i wasn't an entrepreneur i was a teenager right i couldn't even spell on her i still can't but then when i graduated from college i graduated in twenty ten the iphone had come out the year before i think the app store come out but i wasn't i didn't have the light bulb on i didn't really understand that there are few times i think what's that warren buffett quote he's like something like there are moments there are moments every once in a while where their skies get cloudy and it begins to terrain opportunity and when it does let us not run out with spoons but with bathtub to to you know to catch the opportunity so i didn't really realize moon mobile was the big opportunity and it was right in front of my nose right like we were working on things that we had a mobile developer one guy and we would you know we would we would try to make a mobile version of our website but we didn't realize you know mobile changing everything and all of a sudden you know this thing's got a gps that means that uber is possible google maps as possible this has a camera so that means that snapchat and instagram is or are now possible you know i'm carrying this with me everywhere so all of a sudden whatsapp is possible you know this thing has an acc inside that means that my fitness pal is possible right so the the technology unlocks the opportunity so now to my specific list of ten ideas that i think anybody could do and by the way well here's my disclaimer these specific ideas don't matter i know i'm hype him up a little bit but it's not the idea that matter neville has this great quote where he says you know you don't read books for the information you read books because books spark ideas in your head right reading a great book is like you know lighting a match or starting a bon fire in your brain and so that's my goal i wanna start a little bon fire in your brain i want these ideas to help you get to the real ideas i don't think that these are necessarily gonna be the ones but i hope that they really stimulate you to think okay so let's jump in number ten eliminate the weight okay so we think of the internet as this fast place a place where you guys click and you may instantly get what you want but that's true like the internet you just compare normal business i used to have to drive go to my car drive to a store park get out walk in if i wanted to buy something and now the internet i get on don't to any of that shit i just website click boom it'll be here in two days right that's kind of amazing if so the internet has killed waiting in a bunch of different ways and that's generated billions and billions and billions of dollars of value but all waiting is not gone there's still some waiting left i wanna tell you about it so like for example this is one of my companies is called she right i'm a minority owner of of shepard i bought a minority stake earlier this year they do a very simple thing so they find you employees overseas that will cost you eighty percent less than if you're hiring in the us they're like recruiters that will find the best talent in the philippines or lat that just solves whatever problem you have okay great so now when somebody comes to this website and this business works right it makes millions of dollars a year but it also loses i believe millions dollars year because of one very simple problem which is that when you click start hiring here it's going to tell you to book a call it says great tell us some information and then when you when once you fill this in you know you're fill in a small form as soon as you do that then it's going to tell you to book a call and that book of calls might be two days from now three days from now four days from now by then you're cooled off right like you you know you've lost any any salesperson knows that like you need to strike while the iron hot you're gonna have the highest conversion rate in that moment so let me show you what an ai company is doing that i think is very smart this called some company called same day so i'm not involved in this at all i just think they're it's a very cool idea so they're like hey what if we just had a phone agent an ai phone agent that could just reply reply to anybody who calls you right away so listen to this how can i help you today yeah i got a call from my wife a minute ago she said there's a bunch of ants coming through our kitchen window how soon can you guys come out that's the worst luckily i can probably have someone out as soon as tomorrow to take care of those ants can i get your address to confirm yeah it's but can you transfer radio to a person yeah i can transfer you to a person but you'll be on hold for about nine minutes now i can answer any questions and get you scheduled in under two how does that sound there that sounds good but what's it a cost oh of course i just need to know you get the idea i think it's somebody they made him have a accent but you know you instead of i'm interested and then three day gap now we get on a zoom call and you're trying to remember the contacts and then we fumble and mobile how about right when i say i'm interested a ai sales agent is gonna call me and you know or or create a voice call right here on the on on the browser and ask the questions that it needs to do to qualify me as a potential customer as well as answer the questions that you have and even give you a sales pitch right you might look at that and be like oh you know that it's a little slow the way it talks or it's not as good as a human and i would tell you two things number one that the conversion rate in the moment the versus the drop off of people not not book you know bouncing because they don't wanna book a call or not showing up to the call like the show up rate might be sixty five percent to a call you know you get these huge drop offs for every step of the every additional step in the funnel so you wanna just remove steps in any funnel so i believe that ai sales agent will be higher converting than doing it the sort of slower human way and the second thing is this is v one imagine you know like you remember the v one of anything the brick cell phones or the v even v one of the iphone compared to what we have now on iphone fifteen like just wait two years this is gonna be incredible and it's already good enough to the makeup for the fact that you know you know how many businesses don't even have a phone number or don't answer the phone when you call them like every pest control service or lawn care service or self storage facility or whatever you name it you can go and become the the ai phone sales guy for every business on the internet i think that's that's one opportunity that's there for the taking is forget this whole idea of you know call me i'll call you back or book a call in a few days and we'll talk it's no no it's gonna be we'll talk right now with my highly trained sales agent who always sticks to the script is always polite never gets frustrated never gets is sick never takes a day off that's what's gonna happen here that that's how that's where this is going okay i idea number nine therapy for everybody so therapy used to be pretty taboo and every year it's becoming less and less so every year more and more people are go to into therapy and there are multiple billion dollar therapy startups that just connect you with therapist however that's still only a fraction of the opportunity how do you make this a hundred times more accessible right like i think most people could probably benefit from having somebody to talk to having somebody who's there for them supportive ask good questions gives good advice that seems like something that's gonna help every couple every individual person every executive etcetera and the biggest barrier to this is now is cost and sort of like the friction or privacy that's involved it's almost like remember how him came out and they were like you know what e rectify dysfunction is a big deal to big problem but people don't wanna go to the doctor admit this to another person and then have to go to a pharmacy and say hey can i get my pills please instead what if it was you could just telemedicine them and you could just get diagnosed online get the prescription really quickly from the comfort of your own home without going anywhere and then we'll deliver it to your doorstep in very discreet packaging and there you go and him and road did this in built billion dollar companies just on that one that one way of increasing access well i think for therapy you gotta do too i think you decrease the cost and increase the privacy so solution put an ai therapist in everyone's pocket you train it on a hundred million hours of therapy you know with transcripts and and conversations that that or that exist or could exist and and you provide the service to to everybody even people who can't afford a hundred dollar an hour therapist or two hundred dollar an now hour therapist you know you dropped the cost of that by a hundred x so how do i get this for ten dollars a month or five dollars a month that's the that's the big opportunity and how do i in doing so you would a hundred x the number of people that get this benefit right it's a win win and you know i don't know the exact specifics like you know you may need it it's gonna take some time to train this to be good there may be some things like you know the difference between creating drugs or a supplement like you have to get you have to do like either clinical trials and get fda approval or you just create a vitamin and you can like sell that online tomorrow you know it might have to be framed less medically and more like a life coach i'm not sure but the idea of providing therapy for everybody is a big idea number eight robots that automate warehousing so i from my e commerce business it was running a warehouse where i don't know a year or a year and a half we had i don't know ten thousand or fifteen thousand square foot facility here in california and we had ten twenty people there absolute pain in the ass firm rate nobody liked it they didn't like working there we didn't like having people there we didn't like running the thing it was slow it was as expensive it was bad in like pretty much every single way and then you look at amazon and amazon has invested billions of dollars i've read anything from ten billions dollars all the way up to a hundred as of how much they've invested in r and d around their warehouse automation back in the mid two thousands they bought a company for almost a billion dollars k i think k systems and those are those little sled you can see these insane videos online the sled basically like goes into the warehouse finds the set of boxes that somebody ordered something from picks it up drives back and these are all like there's hundreds of these going at once and they're all like part of one big brain so they know how to never bump into each other and so they then they drive all the way up to the human who's sitting in a chair who just pulls the item out of the box puts it in the package and that's you know what the amazon product is and this is a perfect example of my export framework so my export business of framework is basically to way to generate business ideas which is as you look at any big company and you see what did they spend millions of dollars building a homebrew solution for something that works for them and made their life better and then can you export that idea as a product that any company could use without having to spend the money on the r and d tons of examples of this simple one launched dark billion dollar company now they were working at facebook facebook had a feature that they had built and turn a product they had built built internally spent a bunch of engineering resources building which was a way to launch new features under feature flags meaning you launch a feature it's in the app but you can turn it on for five percent of the population if if it's bug free then you can turn it on for twenty five percent the population or if it starts to have a bug you can turn it off quickly remotely from your server so idea of feature flags they product it took it out there and said hey the thing that facebook uses for their app you should use in your app and of course it works so i think somebody's gonna do that here with amazon's warehouse technology i'll just give you a crazy stat just to this stat is the business plan for this business right i talk about this idea of one chart businesses one stat businesses it's a single stat that basically encapsulates the entire opportunity which is that today two percent of all warehouses use robotics right so two percent of all fulfillment warehouses are using robots today that numbers go in very close to a hundred percent so just the shift from what's gonna take it from two percent to a hundred percent you could just sit down and brainstorm what does that gonna take is it new robotics technology is it better sales the you know better sales and development process is it consulting practice what are the different ways you could take that number from two to a hundred i think that's just one big opportunity alright number seven similar to what i just said consulting mckinsey for ai so technologies come but they don't it's not evenly distributed doesn't just get everywhere all at once right there's still like on know four million people would dial up internet using ao we get online right now in the in the united states and so it takes time for these technologies to sort of propagate through the through the community through the population and so ai ai does all this amazing stuff it can help business become more efficient more smart more intelligent serve their customers better but it's not just gonna like appear overnight in every company at all no way and so i think somebody can build a killer combo of conferences content and consulting the three c's package those together and build them so here's what i would do if i'm working at mckinsey right i'm one of these you know fancy pants smart people who works at gets a job at mckinsey and you have two choices you're either gonna grind the mckinsey ladder for like the next at out five to ten years with the end goal of maybe becoming a partner someday and making a million bucks a year or door number two quit your job tomorrow and launch a ai specific consulting practice that is going to identify one type of customer maybe it's a mid market industrial companies or its lawyer law firms or dental practices or whatever and identify ai market fit so identify one ai tool or process that would help one type of customer and start there start consulting there you can build a multi million dollar service business from there and stack more and more and basically the same ten years instead of just grinding it out at mckinsey just spend five years doing this on ai building the ai consulting company and sell it back to mckinsey for a hundred or a thousand x to payout you know you i believe that there's gonna be billion dollar consulting companies that are specifically just about a ai that the big consulting companies deloitte p mackenzie etcetera they're gonna need to buy they're gonna acquire practices that that do this and so i think if you have the the the chops to do it conferences content and consulting i think a a combo of those three would work and specifically around conferences what i don't mean is what i think everybody wants do is create the ai conference i that's cool somebody's gonna do that but that's also very crowded instead i think the easier opportunity is to create the ai for x conference so ai for health care com right hey health care you work you you have a health care company we have a conference as specifically about marrying the best ai companies and startups and and experts to healthcare care companies like you and seeing how you guys are gonna be using ai in the next three years in order to build a better company and i think you could do that with every every niche every industry every industry you could have this so you could do this in health care you could do this in whatever you could do this in farming you could do this in any any industry any vertical industry you could you could create conferences around that so i think that's separately just a good idea alright next one cameo okay so cameo was this app that got really popular because it lets you buy shout outs and greetings from celebrities great but if we just step back for a second like influencers and celebrities make money off their name their face their voice all that and today if they wanna do that they have to cut these deals with companies they have to agree hey you're gonna have to fly out to tucson and we're gonna film this commercial and you're gonna be here on settle day have to read these lines and it's paying the this ass and that's why you have to charge bunch of money for well now that ais is here we have something called deep fake technology which basically means you can make a fake video of anyone's face you've probably seen the the deep fake tom cruise or you've seen the deep fake music video that's that was made where the guy's shape face was shifting from one celebrity to the next indiana jones i think he used deep fake tech to have like the young indiana versus the the old harrison ford's or harrison ford in indiana jones fakes are getting really really good and so this is an opportunity now here's the here's where everyone gets it wrong people think entrepreneurs think i talked to a lot of startups that do this they're pitching me for investment and they're like we're gonna make this defect tech it's gonna be great this not a tech problem really right now it's actually a rights problem so what somebody needs to do the move here is not to go all in on product but to go all in on biz dev which is a total narrative violation nobody says hey go all in on biz but that's what you need to do for this business what you gotta do is create some sort of digital likeness license you need to go to athletes and celebrities every c represents and w e you gotta go them and you gotta get partner with them and basically say hey i'd like to sign up to be your rights provider rights a holder and provider and license licensing technology for you so that anytime a brand comes and wants to use your name and face and voice they can do so and you can get paid for it they can have the official training data for you they can have your signature in your rights that's saying you're you're allowed to use my face and my voice to do this and then after you have the rights once you and then this is beautiful by the way because we all know in businesses the value of a business is in the def and the defense here is not the technology it's the rights ownership so if you can go lock the rights there's a land grab right now if you can go lock up the rights to the right names and faces and voices and you own that right you either license it from them and then you sub license it out or you create the product that they use to manage their rights and licenses you have a mo because there's people only want learn celebrities used to do this and so whoever gets some first wins and after that you can either buy technology partner with technology do whatever you want to actually deliver the steve fake stuff and so you know in the future when lebron james does mcdonald's commercial he's not gonna have to go fly to georgia and film that commercial they're just gonna put in an api request pay the money get the license to his face his voice as whatever then they're gonna be able to script it he's gonna be able to sign off for approval that's it like that's how the whole process is gonna go he's gonna make more money with less time that's where that's going so idea number five is the opposite of that the anti cameo so i was on tiktok yesterday and i saw this video of mister beast giving away iphones now your voice not a dummy so i know he's not actually doing that this was a deep fake but a lot of people didn't know that they're were clicking on it and in fact mister reese tweeted i was like hey a lot of people are seeing this and this is f up how can i get rid of this how do i stop this this is terrible you're using my face in ways that i definitely don't want similarly i saw you know taylor swift is all the rage right now because she's dating travis kelsey somebody used mid journey or one of the ai image tools to make photos of taylor swift like smoking weed or whatever like they put her in a bunch of compromising situations that you wouldn't want to be she doesn't wanna me mean that's bad for her brand but now it's easy for anybody to just deep fake that and so do you need an anti cameo so so protection so the take down and protection and detection and monitoring service for all these celebrities to say hey we are scouring the web to make sure your face is not showing up in defect porn or in ads that you're not actually in endorsing and things like that that's gonna become a no brainer business it's a it's a consequence of how good this technology is and by the way for all my crypto haters out there this is a great blockchain use case there's a company doing this that basically what they do is they say yeah we're gonna basically let you create every everyone who who is a celebrity or whatever anybody any company you have a private key and so anytime there's media out there you can sign the sign the media with your private keys that only you controlled to say yes this is real i actually said this i actually vouch for this i actually created this i actually endorse this and what's gonna happen is that in the future media that doesn't have that's digital signature is gonna be seen as un trust and so what they did with the blockchain very smart was they let anybody create their keys their digital signature so that they can sign off on these and have it encoded that yes i indeed did say this do say this i endorse this i allowed for this so that's gonna be a big deal alright number four ai tutors so education is obviously a big space how amazing would it be if everybody had their own ai tutor so everybody had a patient infinitely intelligent tutor who is going to let them just take a picture of the problem that you're trying to solve you can ask me to explain it you can ask me for more examples you can ask me to go slower you can ask me to go faster you can i the tutor can quiz you after they've explained it to you once to make sure that you understand the concept the tutor can draw diagrams the tutor can animate diagrams faster than any human tutor could better than anyone could on a chalkboard and and ultimately they can keep track of what you have mastery on and where you need work and it can kind of customize a curriculum that fits you versus just you going by the book of whatever whatever the herd is trying to learn right now and so i think an amazing thing that's gonna happen is that we're gonna get these ai tutors that are really gonna help you know help to you and i think this is one of the big use cases of chad gp today is like sort of like homework shortcuts but i think part of those shortcuts are gonna be not just do it for you but explain it explain it to if i wanna learn right and so not gonna be able to force people to learn but for the people who do wanna learn think an ai tutor is gonna be a kind of a game changer i know for me i used to love watching khan academy videos anytime i had a question because sal khan is just an amazing teacher he could teach millions of people because he's patient he's clear he has a very good little drawing setup up it is what's gonna happen with ai we're gonna have sal khan's for all of us some that are funny some that are good at math i'm gonna good at really slow explanation some that are very advanced and very keep you on your toes you're gonna have different ai tutors to choose from okay number three call center accent changes this is a fun one so a lot of customer service help as we know is offshore it's cheaper that's why businesses do it you however there's one big cost that you know people get in enraged when you call you know you're calling dell for help and you know all of a sudden you're getting ar june in india who says hey it's ar june from dell and he's got the accent and he doesn't quite understand what you're saying the connection isn't great blah blah well there's companies right now that are doing ai accent removal so what they're doing is they the guy ar in india but when he talks he sounds like adam and you know california because on the fly they're able to adjust using ai his voice so that he doesn't have the accent and something about it if you're your company would you not pay an extra whatever five percent ten percent to be able to remove accents from all of your your customer support people so that you know you have higher n mps higher cost higher customer service scores and less less issues and complaints of course of course you will and so now you you multiply that across a very big industry of customer support and that's the that's a that's one really specific way that you take this techno technology unlock of you know being able to imitate anyone's voice and you apply it in a business context so number two i had to do it i had to do it you know me i'm the guys been telling you that only fans is gonna be a biggest business for for years now ai porn oh aka the fantasy factory so porn is one of the biggest markets in the world historically porn has been an early adopter of new technologies so video streaming you know early on was used for porn online payments early on was used for porn and so porn has been an early adopter of many new technologies and i think there's a big benefit for ai porn so first i think on the consumer side you're gonna have on the demand side you have infinite personalization to your taste like if you ever gone to a porn and seen how many categories there are there's like a trillion categories why because there's a trillion fantasies that people have that they're looking for and you know what whatever and however number categories they have there's probably actually room for a hundred times more right because that's just what they're able to service that's not actually the limitations of what people want or what they're interested in and so infinite personalization is is the first thing so what exactly is your thing we can provide that to you that's gonna beat out somebody else who just says here's what i have do you like it right so it's like the difference between you know going to blockbuster back in the day and seeing twenty five movies on the shelf versus netflix or amazon which have an infinite shelf it's a difference between you know watching you know one episode of america's funniest home videos versus opening up tiktok anytime you want swiping getting personalized entertainment bite size entertainment for you in an infinite for an infinite scroll alright like it's one is a lot more powerful and and and and and we'll satisfy demand much better okay then the supply side ai porn i believe is more ethical so you know just like the way we have plant based proteins and cruelty free makeup and vegan leather no humans are gonna be harm to the production of this video right like i think that the idea that we could satisfy the demand for porn without subject people to the lifestyle being a poor professional is is that what they call porn for porn i like how they don't come a porn professional porn stars like that i'm a business star not an entrepreneur yeah so i think that's gonna happen and i think for the companies dropped your cogs down right so like you don't have to worry about all the take down notices and and copyright issues and lawsuits that you're gonna that you have from from people uploading stolen works or having to share revenue with all the production companies so they're it's just gonna drop down to whatever the cost is of the gpu to create the thing right that's that's what it's gonna drop down to and so i believe you know if you ever go wanna go down a rabbit hole go look up the company mind geek in canada they own all the porn sites that's you know a multi multi billion dollar conglomerate it just shit spinning off tons and tons of cash somebody gonna do somebody's gonna go after that market with ai and i think they will win because again way more powerful tool to satisfy demand way lower cogs and more ethical supply that's a winning formula alright now we're here number one this is the this the winner of my list okay this is the number one biggest opportunity and i hate to be that guy that's fine this is the biggest opportunity of our lifetimes right like times share guy all the times share guys who are now youtubers just selling the biggest the biggest next big thing but in this case i think it's actually warranted i mean ai ai is a big break freaking deal right like you gotta be nuts to be denying that at this point and within ai this is what i genuinely believe is the biggest opportunity so let me just rewind for a second if you think about the previous waves i count four waves in my lifetime of just giant sort of inflection or opportunities the the sort of like the big gold rush moments the huge tidal waves that you could go surf as an entrepreneur so the first one was early internet right and now you have what they used to call the information super highway you remember that do phrase but it was right information was the thing the ability to find anything and there's really two big winners so google and amazon were the two biggest winners of the information find anything paradigm if and what you could do is you know google let you go find any information and amazon let you go find any stuff and those two created a trillion dollars or more than trillion dollars almost two trillion dollars of value just on those two companies alone out of the information way second wave you then got was communication so started with email but then quickly became all social networking social media so facebook linkedin twitter snapchat pinterest whatsapp youtube all of that right so the ability for people to communicate with each other and this even extended by the way to like riders connected communicating with drivers right in uber basically the ability to say i need to ride and somebody else say i have ride for you right that connecting the dots human coordination and communication was the big second wave and again a trillion dollars plus of market value created out of that communication wave that came okay then what's come next and then you had the value wave and this was now we're talking early twenty tens up to like basically in the last decade twenty ten to twenty twenty and this is crypto so bitcoin ethereum just those two alone are a trillion dollars of value that got created right the best investment you could make sense that the year i graduated twenty ten would have been into bitcoin in ethereum those are that is the best asset that that was created the best highest performer and again so we had digital information then we had digital communication then we had digital value and so you know the ability to have a digital money and digital value and so now what's the next one the what's number four right coming into the twenty twenties we're going for twenty twenty or twenty thousand thirty what's gonna be the next one i believe it's digital intelligence so that's ai okay so who's gonna be the big bitcoin who's gonna be the google who's gonna be the facebook of the intelligence way well so far we've seen you know nvidia make chips they've done extremely well we've seen open ai become almost a hundred billion dollar company by training these models that you can use for ai applications and i think those are great but i think there's gonna be more and the one that i think is missing is you know what i had two kind of that i was thinking about the first one was self driving cars because i'm like okay that's a you know driving is a huge part of of human life and when that goes self driving you're gonna have safer more efficient more comfortable more entertainment you're gonna have a better ride experience and that's gonna obviously change the way that cars work right cars are parked ninety percent of the time but when they're self driving you're gonna park your car and you're gonna say go make me money car and the car is gonna go drive around and be an uber for people picking people up right so just a game changer in terms of how this works we're gonna need less cars which means we need less parking which means we need different roads and city structures there's a whole bunch of things that i can change but as i was thinking about that i thought about a bigger opportunity and the bigger opportunity is actually related so i was like oh man self cards are gonna be great because you just get in the car and you just say your destination and then the car is gonna figure out all the things to do to get you to your goal so i just say i'm trying to hey take me to starbucks it's gonna say great look up the nearest starbucks find the address and put the address to navigation turn the car on shift gears from park to drive accelerate stop at the stop sign signal turn shift lanes exit the highway whatever right all of the middle steps is gonna create a list it's gonna do them but what i realized was that's not gonna stop it just cars that the biggest opportunity is the self doing to do list just like we have the self driving car and what's the self doing to do this the self doing to do list is gonna be well all of our productivity today comes from basically the following the following system person thinks about what they want goal then they create a list of actions that they think will move them in the direction of that goal and then they do those action and the the extent to which you hit your goals is based on your ability to like know what you want create the list of things you need to do to get there and then actually do the list well i think what ai is gonna do is actually change how that works it's actually going to let you just say what you want ai will then generate the list and then it'll just do it and so we've seen this by the way so that what this is called is right now they're calling this the agents and agents might end up being the information super highway like a word you know that that gets phased out over time but here's the the simple model we've all used chat gp where you type something in and it gives you an answer and the better question you asked the better answer it'll give you or the you have to know what to prompt it to do is if you don't do anything it's just gonna sit there it's gonna do absolutely nothing for you whereas there's a new model called ai agents what ai agents are based on is that you don't need to tell it you don't need to ask it specific questions or give it specific instructions for a task all you need to do is tell the ai what you want as your goal and what you want as your goal is let's just take an example hey i run a commerce business and i wanna reduce my inventory waste okay so i'm gonna reduce it i wanna make my inventory more efficient so the ai could then generate a list of things to do analyze the inventory to find a highest fast movers and slow movers and then it will take the slow movers and it will put them on sale it will take the fast movers and it will analyze you know what you're lacking you know where there's more demand than than you have supply in stock it'll create a purchase order send the purchase order to the factory and get the next order delivered for you so you could see in theory how you'd be able to just say a goal and have the ai create a list and then do it another you know silly example let's say i wanted to lose fifteen pounds well we all know to lose fifteen pounds what you need to do is you need a you know burn more calories than you're going to to consume well in theory ai is gonna be able to help you do that so you're gonna say i wanna lose weight and it's gonna say great we are gonna take your current weight we're gonna then create a calorie meal plan of how many calories are you supposed to intake per day and how many you're supposed to burn per day which you're gonna create a workout plan for you it's gonna create a a meal plan for you it's gonna then take the meal plan it's gonna create break that down into recipes break the recipe down into ingredients it's gonna go on to insta it's gonna order the ingredients to your house for you and you know there you go right so it's gonna take you as far as it can it's not gonna be to do every single thing in the real world until you have a robot sitting in your house that's gonna then take those groceries gonna prepare the meal for you right like jets in style and we're talking about in the future but like this is the future like i mean dude i used to have this i'm holding up my phone like my cell phone right now that i can use to run my business to entertain myself endlessly for hours to play video games to navigate all around the world like i i can pay for things on this i don't need my wallet it's insane right this thing this thing is insane to twelve year old me and twelve year old me is not that long that's twenty years ago or whatever it's like twelve year old me would be mind blowing because twelve year old me had just gotten their first computer in their house we used to have a computer room it was like a roam in our house called the computer room and whoever wanted use a computer had to go to the computer room and when you're in the computer room then you got the internet through a cd from aol and then when we had that you used to have to pick and choose do you want to be able to receive phone calls as a house or do you wanna be on the internet because if somebody picked up the phone when you were on the internet you would like disconnect from the internet and they would hear crazy internet sounds like you it was insane like you the the way that we were when i you know when i start on the internet to what or now holding my iphone fifteen pro max with you know wireless internet while i'm driving or on an airplane is mind blowing and so all i'm asking you do is just sort of think twenty years in the future the idea that we're gonna have you know our jets robot in her house and we're gonna be able to tell her to do list just what our wishes and dreams are and then it's gonna create the list and do them that's the big idea that is the big idea that is the idea that is mind blowing that's also the idea that scares people by the way because you know the thought experiment is someone says hey i wanna maximize you know what's it the paper clip example i wanna maximize the production of paper clips or sales for my paper clips and it's like okay great the ai it got your goal and it doesn't care what comes on the way right it's gonna start shred cars to create scrap metal to produce more paper clips right it will it will do anything to hit that goal and so that's the scary part about ai and now i'm not the guy to do the ai safety conversation and the ai ethics conversation that's not me i'm an idea guy i'm thinking about how technology can do really cool things that will improve people's lives and of course as we do them we're gonna need to put in guide you know guard rails and guidelines and be able to not you know crush all of civilization in the process but that's kind of a debbie downer or i'm not really looking to get into that conversation what i'm excited about is a future where work gets done for you that's what's gonna come from the intelligence wave that's different than the value wave of the communication wave or the information wave the intelligence wave is gonna do intelligent things that's gonna use the brain for you right it's got this right side of the ai brain that could do creative shit it can draw it can write it can sing it can make songs it can wrap it can do anything and then on the left side it's got this like informational analytical brain that can you jump in a pdf and it'll summarize it for you in a second it'll generate a p and l for your business it'll give you advice strategic advice on your taxes right like it could do all these things that are highly let's say left brain and so now we have this ai intelligence brain and the ideas that i came up with or just my first pass at what's gonna come from this i wanna hear what you're gonna do i mean i'm investing in this space if you're doing something cool reach out to me sean at sean por dot com i wanna hear what your ideas are and i wanna hear what you're thinking about these go in the youtube comments and let me know because that's it those are my ideas from ten to one i hope you liked i hope you enjoyed it i hope i started a little bon fire to bring alright i'm out of here i feel like i could rule where to know i could be what i want to from at all in it like a days off on a roll less travel never looking back

Episode Notes

Episode 506: Shaan Puri (https://twitter.com/ShaanVP) is coming at you with 10 AI-specific business ideas that he would invest in tomorrow if they existed. 


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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com/


Check Out Shaan's Stuff:

• Try Shepherd Out - https://www.supportshepherd.com/

• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant

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Show Notes:

(0:00) Intro

(5:00) 10 - AI Sales Agent

(10:00) 9 - Therapy for everyone, everywhere

(13:00) 8 - Robots that automate warehousing 

(15:00) 7 - McKinsey for AI

(19:00) 6 - Licensable deepfakes

(22:00) 5 - Celebrity deepfake monitoring 

(24:00) 4 - AI Tutor

(26:00) 3 - Call center accent customization

(28:00) 2 - AI Porn 

(31:00) 1 - Self-doing to-do list


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Links:

• Episode 94 - Is GPT-3 the Next Big Thing - https://tinyurl.com/37wfyphx

• Sameday - https://www.gosameday.com/

• Hims - https://www.hims.com/

• Amazon Robotics - https://tinyurl.com/5fu22r8x

• LaunchDarkly - https://launchdarkly.com/

• Invideo AI - https://invideo.io/

• OpenAI - https://openai.com/



Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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Other episodes you might enjoy:

• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits

• #209 Gary Vaynerchuk - Why NFTS Are the Future

• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto

• #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett

• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates

• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More

• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Podcast Hosts

  • Sam Parr

    Sam Parr

    Hampton (joinhampton.com):
    My community for founders.
  • Shaan Puri

    Shaan Puri

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