5-Step AI Crash Course for Entrepreneurs | 12 Months in 12 Minutes

in this video I'll teach you everything I learned in 12 months of trial and error with AI entrepreneurship in just 15 minutes and no you don't need to learn how to code Tech Titans like chamath polyhapatia have already confirmed that artificial intelligence is the next hype cycle within Silicon Valley and the startup world if you were looking to take part in this once in a lifetime opportunity to build a valuable business and to build the life of your dreams and you were in exactly the right place this video is My five-step ultimate beginner's guide to AI entrepreneurship and the best part for you is I figured all these steps out the hard way so you don't have to and finally at the end of the video I'm going to be explaining to you the three easiest AI business formats that people are exploiting right now that you can take and copy and paste into different Industries to start building your wealth

and cash flow step one what is AI artificial intelligence or AI refers to the simulation of human intelligence within machines that are designed to think and act like humans essentially AI attempts to perform tasks that would normally require human intelligence by this definition AI has already replaced humans and data entry medical diagnosis from detection and customer service in cases like these there are multiple benefits to creating AI systems that can perform these tasks lower cost infinite scalability no human error and data back decision making the benefits of creating artificial intelligence systems to replace humans and tasks like these is that once created and trained the artificial intelligence does not need to take a break it doesn't complain it doesn't need days off the term AI itself can actually be quite confusing as there's a number of different aspects that sort of get thrown in the mix at the same time turns out AI is actually an umbrella term which many of the other categories that you may be familiar with fall under machine learning natural language processing or NLP computer vision Robotics and many others machine learning or ml is a core aspect of artificial intelligence and it's the process of giving a computer a ton of information so that it can learn off that information and then start to predict outcomes so that we don't have to tell it what to do every single time for example a machine learning model could be used to predict the price of a house based on its size area and room or a machine learning model could be used to classify emails as spam or not spam all you need to do is provide it with a ton of labeled examples of what is spammable what isn't spam natural language processing is another core aspect of the AI tools that we're familiar with today which helps computers to understand interpret and generate human language like when you're talking to Syria or Alexa early on I had a bit of trouble understanding the distinction between these terms but easiest way to understand it is that AI is the umbrella term and these different disciplines are combined together to make these products like chat gbt or like Suri or Robotics and warehouses as well so they come together to form the final product which is intelligence step

two understanding large language models due to the record-breaking public reception of chat gbt the hottest Topic in AI right now is large language models or llms are Advanced AI algorithms that generate human-like text they are trained on enormous amounts of data and work by breaking down text into components learning patterns and then using that knowledge to generate new text and of course the larger the training data set the more accurate the model becomes gpt3 by openai is the language model that chat CPT was built on top of and is arguably the best publicly available large language model we have today it was trained on hundreds of billions of words and its successor gpt4 will likely be many times that the easiest way to think about these models is to imagine them as extremely powerful autocomplete engines given just a few words these large language models can write an entire short story or paragraph by pulling on similar collections of words within their training data furthermore they are excellent at pattern recognition and pattern generation allowing us to carefully craft the kinds of output that we want out of them the biggest opportunity for us as entrepreneurs right now is to be building applications on top of these hugely powerful models companies like Google and openai are doing all of the hard work of building these massive language models all we need to do is go and apply them to specific use cases in order to build these applications and build on top of these models we need access to them programmatically which

brings us to our next step understanding apis or application programming interfaces are how entrepreneurs like us can get access to the power of these models and start building value on top of them apis can be a little bit complicated so here's an analogy to break it down for you just like you order food off a menu at a restaurant a program American access specific functionality from a software application through the API in our case we have apis that allow us access to Services by companies like open Ai and soon to be Google and others for example the options on open ai's menu are the different sub models that they've trained that are good for different purposes the options on this menu range from DaVinci to Ada with DaVinci being their most advanced language model that powers things like chat GPT down to Ada which is only capable of doing very basic functionality they also have some models that are specialized towards code rather than language so they offer a whole bunch of different options for you to access programmatically and build your applications on top of we can interact with these models and leverage their power by making what's called an API call to them within these calls you need to provide a bit of information to specify what you want back for example say we are creating a resume creation tool we would need to collect user input containing their personal information such as email phone number work history through a site or a form combine that information with some simple instructions explaining to the API what we want to do and then we bundle that all together and send it off in a call AP API would then process our request and send back the response because this is all done programmatically once you have the reliable way of collecting user input and you have those instructions that you send off to the API written perfectly then you are able to take this repeat it over and over again and scale it into a business however the writing of these instructions is an entirely separate skill in itself step four

understanding prompt engineering this skill is actually so important that I've already done an entire video for it on my channel which will be linked at the end of the video but for now I'll give you a brief summary the correct term for instructing an artificial intelligence to do a task is known as prompting we tell the AI for example open AIS gpt3 a set of instructions and it performs a task based on those instructions prompts can be as simple as a phrase or a question or as complex as multiple paragraphs the reason prompt engineering or simply how you create your prompts is so important is because of a concept called garbage and garbage out essentially the quality of your input determines output when you have large language models as powerful as gpt3 and others your ability to write good prompts determines the value that you can extract from them entire businesses are being built on the back of a few well-written prompts or even just one be sure to watch my prompt engineering guide which will be linked at the end of the video so that you can get this foundational skill online and finally what you've all been waiting for

step five is the easiest ways that you can build on top of these large language models now that you've been brought up to speed on all the different aspects of AI entrepreneurship you need to start piecing it all together and of course the big question is how can you use all of this knowledge to not only identify but execute on your next big idea and so here are the three best AI business formats that you can start copy and pasting into different Industries today and I'm saving the best one for last business format number one is prompt based businesses this business format requires you to find a specific use case and then write one or many really well crafted prompts that convert these large language models into tools for that specific use case once you've played around and constructed these prompts then all you need to do is Host this on a website and start marketing it the simplest way to do this is to write a good price prompt taken some user input from your website mash them together and send it off from the API call and what comes back can be a really customized response for people and it looks like magic to them but under the hood it's very low effort and very basic to get one of these up and running because you're essentially just taking a large language model like gpt3 giving it some instructions shoving in some user input and then letting it run the response back for example you could use an AI powered resume writing tool and then craft a prompt that shows gpt3 the kind of format the best possible format for a resume and then include that in the prompt and then include the user information send it off an API call and get it back and give that to the user or you can create some interesting copywriting tools like copy. ai have done for example you could create a Facebook ad ugc copy Creator which takes in some information on the company the products and will always spread out a nice Facebook ad copy that includes quotations and product reviews on it out of the three this has the lowest barrier of Entry as essentially all you need to do is write a good prompt playing around with building these basic prompt based tools is the perfect way to get your feet wet without entrepreneurship so I strongly urge you guys to get into the open AI playground and start having a play around writing some prompt and seeing what you can get out of these models I actually have a full build and take to Market Video on a prompt business like this where I went from idea to prompt to business and taking it to Market that's going to be dropping sometime this week so make sure you're subscribed and you hit the Bell so you don't miss that one business format number two is a fine tune based business large language models like gpt3 can be fine-tuned I actually already have a video on fine tuning on my channel using a very basic example so that's going to be linked in the description for you guys to check out after this essentially fine tuning allows you to teach a model to recognize new patterns chat GPT is an excellent example of this because openai has fine-tuned gpt3 the underlying language model in order to operate in a q a Style by training it and giving it some examples of question and answer style prompt fine tuning can be used to create tools that improve a large language model for a specific purpose for example you could fine-tune one of these models to become an expert social media sentiment analysis bot all you need to do is get a ton of Twitter comments Instagram comments Facebook comments label them as positive or negative and then you can pipe that into the model to fine tune it the resulting fine tune model will be better at predicting the positive or negative sentiment of social media comments than the underlying gpt3 model itself while gpt3 can already do sentiment analysis on its own by providing it with these examples you're making it sort of more Niche down to being better at dealing with social media comments in particular the most difficult part about this business format is that you need appropriate data to fine-tune with this is where some light bulbs may be going off for you guys because if you own a business or you know someone who does who has a ton of valuable and interesting data that could be used to fine-tune these models for a different purpose and you have an excellent opportunity to use that data fine tune it and create a new software as a service and as with most things an artificial intelligence and AI the more data you can provide it with the better the model will perform sorry to interrupt the video guys but if you're enjoying please hit down below and leave me a like now it really helps my channel out so sorry to interrupt but back to the video now and finally the business format number three that I think has the most potential is a custom data chat bot business now don't switch off because you've heard the word chatbot hear me out if you can get your hands on some valuable data be it through your own business or a friend or you reach out to someone and offer to partner with them and create this chat service if you can be the first people in your Niche to provide some kind of chatbot service then you have a really good chance of making some serious money the main opportunity that I see for these chat Bots is making complex database structured data available in simple and easy to access ways to Consumers the issue of getting data into these models so that they can be used for different use cases was something that puzzled me for a long time recently I connected the dots that you can use these models to convert natural language like a sentence into a database query this essentially allows you to convert any database you have with some interesting data in it into a chatbot service one example of this in action could be an e-commerce reporting assistant for brand owners this assistant could take in a natural language prompt like what were the three best performing products for the month of December in Norway based on conversion rate you can send that information off to an API endpoint and receive it back in a database query you can use to look up your database pull that data format it into a nice sentence and then give it back to the user if I've just turned a light on in your head you're going to want to subscribe and hit the Bell because I've got more videos coming on this exact topic showing you guys how you can do this and apply to your databases you are now

equipped with enough information to get out there and start sniffing out those life-changing opportunities that are going to be popping up everywhere the best part about you reaching the end of this video is that you're still so early you not only have a knowledge Advantage but you also have a Time Advantage the rest of the world is only just waking up to the huge opportunities Nai right in front of us so you need to pay your advantage to the fullest so if you've gotten anything out of this video please leave me a like if you've enjoyed this content and want to see more subscribe to the channel and hit the Bell so you don't miss my next one and if you have any questions leave a comment below I'll reply to you or someone else in the community will that's all for today thank you so much for watching and best of luck to you as you navigate this AR gold rush I'll see you next time