10 AI Business Ideas in 43 Minutes artwork

10 AI Business Ideas in 43 Minutes

My First Million

October 12, 2023

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.  Want to see more MFM? Subscribe to our YouTube channel here. Want MFM Merch? Check out our store here. Want to see the best clips from MFM?
Speakers: Shaan Puri, Sam
**Shaan Puri** (0:00)
Alright, I'm setting my timer. I'm going to give myself 31 minutes to give you 10 specific AI business ideas.
You know, I'm 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 going to 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 to do this because I've, my whole life, I've been an entrepreneur and I've been an idea guy. I ran an idea lab where I 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 $2 million into AI companies. So I've about a dozen companies that I said yes to, plus probably another hundred or so that we passed on. So I've seen a bunch in this AI space. I know what the best entrepreneurs in Silicon Valley are doing. That's where I live. And so I wanted to share with you my list from number 10 to number one, number one being the best, the biggest opportunity that I see in the space, that if I wasn't just chilling out, rich and happy and being 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. Let's take a quick break to ask this question. What if you could find, track, and close all your deals in one place? What if your schedule, your goals, your to-do list, your emails were all organized in one tab instead of dozens of tabs? What if connecting with customers didn't leave you with so many what-ifs? What if I stopped talking about what-ifs and I just told you about HubSpot's Sales Hub? I want you to meet the new, powerful, easy-to-use software that's designed to help your sales team prospect smarter, grow revenue faster, and get deeper customer insights all in one connected platform. With HubSpot's Sales Hub, your data, tools, and team are fully linked on a highly customizable platform that is actually a joy to use. It's smart software for smart sales teams who want to close the year strong. Visit hubspot.com/sales to learn more. All right, let's get back to the pod.
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 GPT-The Next Big Thing? I think it was like episode 94, we're on like 500 now. And this was back in July of 2020 So it's like COVID had just hit, people are freaking out.
But me and Sam got on the podcast and we said, is GPT-3 the next big thing? We had gotten access to this tool that there was no ChatGPT 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 rap lyrics, which is of course being idiots that we are, we thought, oh, that's the best thing we can do with artificial intelligence. And so we thought it was amazing. We were like, wow, this is really good.
And we, the episode is GPT-3 the Next Big Thing. We were basically saying, yeah, it will be. Now that's 2020 Fast forward today, OpenAI is worth $90 billion. They're doing a billion dollars a year. Chat GPT is the fastest growing product in history to hit a hundred million users.
So I'm not saying that we called it, I'm not saying that we're business geniuses.
Kind of did and we kind of are. So, you know, if you listen to me then, you probably could have made a bunch of money.
Listen to me now, because I got, for today, I'm going to share with you 10 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 going to read you the list from number 10 to number one. They include things from about 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. Like when you think about Mark Zuckerberg stumbling into sort of like the social networking craze, or when Steve Jobs created the iPhone that changed everything, there are these sort of change everything moments. And like, I was a kid when the internet came out. I'm 35 years old now. So I was, I remember being on the internet as like a 12 or 13 year old using like, whatever very basic dial-up connections and BBS forums and stuff like that.

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