🤖 Billion dollar AI businesses you can start

GM. This is Work "After" Work, the newsletter that's so hot you'll need to stop, drop, and roll once you're done reading.

What's cooking today:

• 🤖 Psst..AI is here

• 😂 Meme of the day

AI IS SHIFTING

These past 10 years have been all “left-brain AI”. What do I mean by this?

You had computers doing things that you assumed supercomputers should be able to do: making huge calculations you could never do in your head, calculating the best chess moves 20 moves before a human could, helping self-driving cars detect objects, etc.

Now, AI is moving to “right-brain AI”, the creative side. This is where computers are starting to be able to think for themselves with the huge datasets they’re being fed from the internet.

You have AI engines like GTP3 that are able to auto-generate essays based on simple prompts and DALL-E creating artwork from scratch.

Podcast AIAn insane example of AI is Joe Rogan conducting an interview with Steve Jobs.

This interview never really happened, Jobs has been dead for 11 years. But I’ll be damned if I didn’t think this podcast actually sounded like two humans talking to each other.

Here's a link to the pod.

Computers are able to do this is by having huge data sets and learning as programmers tell them what’s wrong from right.

For this interview, Podcast AI downloaded every episode of Joe Rogan they could find and every talk Steve Jobs ever had. The engine took in all this information and was able to create something that never really happened with what could be real thoughts from both Rogan and Jobs. It's pretty magical.

Here's another dope AI use case:

Interior AIBy its name you can probably guess what it does. You take a picture of a room and the AI spits out endless designs based on the style you want.

It’s like an interior designer but 100x faster and cheaper.

Here’s a real photo of an office space and what the AI created for it:

What’s even crazier is this was built by one guy and he made it just two months ago. Oh, and it's already making $10,000 a month 🤯

You can check out his Twitter, he's a nomad that travels the world and taught himself how to code. I dig it.

To tryout this AI for yourself (you get 5 free renders) just go to interiorai.com, take a pic of your room and choose the style you want.

I did it with my room in the tropical vibe because I have to pretend I'm somewhere warm while it's about to start snowing here pretty soon 😭

You'll notice it's not perfect and that is AI right now. We're just at the tip of the iceberg. This was done by one guy out of his bedroom... imagine a full team of engineers.

AI is still in its infancy stage and there’s an insane amount of money to be made in this space. Here are two legit billion dollar businesses to go after:

1. AI Friend / Therapist

In 2020, 41.4 million people received therapy and that number would be much higher if it weren’t for two things: the expensive nature of therapy and the stigma of actually going.

Apps help solve one of these gripes - you don’t have to go in person anymore, so no stigma. You can take the call from your home and no one will ever know you’re going to therapy.

But, it’s still pretty expensive. The average virtual therapy session costs $64 per week.

With AI, you can solve both of these problems at one-tenth of the price - try $5 a month.

Your AI companion or therapist would be someone that people can talk to and confide in.

• It won't judge you

• It'll be positive and helpful

• It will offer you good advice

• It will never share your secrets

• It has no personal interest... and the list goes on

It’s essentially the perfect companion or therapist and with 74% of ages 18-24 saying they experience loneliness, this AI solution would help the whole world as we know it.

Use cases like this at extremely low cost is how juggernaut billion dollar businesses are created.

I was just rewatching episodes of Black Mirror and it’s exactly like Season 2 Episode 1 - “Be Right Back” if you want to watch it.

This woman’s husband dies and she’s beside herself.. until she starts talking to an AI that acts just like her husband.

How does it do this? The engine scraped everything her husband had ever said on the internet.. and the more personal videos she gave it, the more it molded into her husband's personality.

This is exactly how AI works, the more accurate data you give it, the more it learns and the better it gets. Looks like Black Mirror was just a little early to the party (11 years to be exact).

2. AI Spotify

Traditionally, the music industry just kinda sucks. The record labels hold all the power. They control what pricing is and pretty much have a monopoly over the industry.

You could create an AI music app that doesn’t have to pay artists $1 per 1,000 plays.

How it would work is it creates songs that don't even exist.

You'd download every song that was ever created and tell the computer "hey, this is what music is" and teach it the different types of song genres, beats, chorus', etc. until it was able to spit out actual music.

When you like and dislike songs in the app, it learns your preferences, just like TikTok's algorithm does when you skip or dislike a video - it curates to your liking.

Once you come across a song you really enjoy, you can claim it because after all, it was your song preferences that created it. You save the song, mint it as an NFT and now you own it.

You can then create playlists and albums of songs you helped create.

I'm not sure how the pricing would work. Maybe the algo takes 50% and the artist takes 50% but this is quite literally a billion dollar business that allows everyday listeners to make money.

MEME OF THE DAY

That's all I got for ya today folks!!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.