Five ChatGPT Businesses You Should Start Today
I kid, of course, but I'm serious that you should be thinking along lines like this.
Below are some business ideas for somebody who wants to become an entrepreneur in the “ChatGPT space.” You may ask why I am not starting any of these myself. First of all, I am not so driven at my age. We have five grandchildren, which gives you an idea how old I am and where my priorities lie. Second of all. . .Don’t think I’m not tempted!
We’re going to see the rise of AI generated influencers, and the business of influence will become a lot more accessible and scalable. You’ll be able to create a seemingly real person who is attractive and extremely charismatic and have them rack up millions of followers, all while you’re in the driver's seat.
As Infovores points out,
Mentorship creates a lot of value for the world. But there are good reasons why most people are reluctant to provide very much of it.
Our daughters learned to type from Mavis Beacon Teaches Typing. Mavis was a proto-AI mentor!
Every techie who has read The Diamond Age understands the vision of an individual’s lifelong mentor. But we don’t have to wait for someone to come up with that.
People can create mentors for chunks of life. Mentors to teach guitar. Mentors to teach arithmetic facts. Mentors to teach statistics. Sal Khan connected with his cousin, and his charisma also appealed to others. Now you can create charismatic mentors to appeal to all sorts of different personalities.
ChatGPT was built as a project that has a goal of building an artificial general intelligence. But what if that is not the optimum scope for training a language model?
Suppose that you decide to build a module that is very good at some specific subject. Law in the state of Iowa. Or tank warfare. Or the history of Impressionist painting.
You come up with a list of, say, 1000 terms that commonly come up in the subject area. Then you set about using Reinforcement Learning Human Feedback to get your module to be really good at engaging in conversations that involve using those terms.
For example, I could try to train a module related to something that I think I know well. Maybe the broad topic of economics. But probably better a narrower topic, such as the causes of the financial crisis of 2008.
Perhaps we could use an ecosystem with a lot of module creators. As the ecosystem fills in, related modules could start to train one another. You could give an investment banking problem to both a legal module and a finance module, leading each module to correct the other’s weaknesses.
People are going to want help keeping up with the latest developments with ChatGPT. Software engineers will need to read about the latest technical developments. Business executives will need to read about new applications and pitfalls. Intellectual property lawyers will need to keep up with the latest issues involving fakes and fair use questions. Be the first mover to create a relevant newsletter for people in your profession, and you can dominate a niche!
When the late adopters finally realize how important ChatGPT is and how much they need to learn, you can be positioned to charge big bucks for giving them advice. For a consultant, a newsletter (see above) can act as a loss leader. Some of the subscribers will want to get personal help from the writers of newsletters, the way that followers of music groups want to see their favorite bands perform live.
Tyler Cowen points to an article illustrating that the big consulting firms already see that ChatGPT is very relevant to their business. But you can give them some competition.
I can imagine that with this technology, every use case shades into an “abuse case.” The ability to create an influencer is adjacent to doing influence peddling, for example. So you could develop expertise in detecting and addressing the “abuse case” for each of the five enterprises listed above.
So now I’ve given you ten ChatGPT businesses that you can start today!
Substacks referenced above:
It's very strange to me that there are still people who question the use of ChatGPT, or who fail to apprehend its import. (This is less a comment on your post, with which I agree, and more of a general comment about people refusing to see all the opportunity that this technology creates.)
I am going to age myself (badly). I learnt to touch-type with Mavis Beacon Teaches Typing.