This is the second edition of Bizstorm
Biztorm is a bi-weekly newsletter of around 5 new business ideas, based on current events and random ideas from my subconscious.
This is the second edition, and to be honest, I’m still trying to find my feet content-wise. So bear with me.
I’ll be experimenting with different content formats, writing tones, themes, ideas and other things for the first couple of issues, so it might get a bit schizo.
Just know that I apologise.
Over time it'll all hopefully start to work. So strap in, it’ll be a bumpy ride.
This edition: AI is coming for your job, better to join it now
This edition will be focussing on the latest tech to sweep the maker world: ChatGTP.
ChatGTP is a world-shaking large language model released by OpenAI, where they made real what Apple hoped Siri would be: a useful AI assistant.
In this issue;
an explanation of what ChatGTP is and why you should be afraid/excited
What others have done with ChatGTP so far
5 ideas for you to mull over
But first, a quick rundown on the previous edition of Biztorm.
Previous edition - Biztorm #1
The previous full issue of Biztorm is now cheaper! Going for only $5. Bargain.
Reminder: Biztorm has two releases per issue - a full, paid one and a free one. The full one has more than 10 additional ideas under each of the 5 free business ideas.
Previous full issues of Biztorm will automatically discount every week, meaning fresh reports will go for a premium price(time to market and speed of executing is hella important, after all) and past ones will become cheaper each week, until they reach a base price of around $5.
Previously we looked at the following ideas;
Contiki tours for Digital Nomads
Art generated with Stable Diffusion
Collaborative authoring between authors and their readers
Airbnb for co-working spaces
Turnkey Rewards App for small businesses
Ok! Back to this issue!
ChatGTP
ChatGTP is only the latest AI tech that will inevitably destroy society. And I’m only half joking.
This thing is still like in beta, but just messing around with it and thinking about how it would likely improve over the next 5 years already gave me a major case of the heebie-jeebies.
What is ChatGTP then? Basically, it’s OpenAI taking the latest stable iteration of their large language model GTP 3.5, and gifting it the ability to chat with normal folks via a nifty chat interface.
Think Siri, but with more personality, and all the knowledge of the Gods.
So what’s the big deal? Well, to be frank, it’s super creative, has a humungous data set to riff off, and can plausibly mix different ideas and concepts.
It can basically handle any form of writing job you might encounter on Fiver or UpWork.
Oh, and it can code. And refactor code. And do leet code challenges. And change code from one language to another. And invent new languages with ruled, grammar and tenses.
It can help you convetsationally get answers out of a large body of data, just like if you had asked a very smart person questions.
And it'll threaten the careers and livelihoods of people who currently provide services that do that same trick for a living too. Looking at you lawyers, accountants, journalists, investment advisors, any knowledge worker ever, in the entire economy…
Even maybe investment managers
Take a good look at the above tweet and just try and comprehend how insane this is. And it’s just in BETA, and muzzled by its creators to boot!
Hell, a lot of people are reckoning that ChatGTP poses a real threat to Google, since it can(theoretically at least), answer most queries with short, useful answers, instead of pages of blogspam.
In short, I think ChatGTP is a glimpse into a future where large, unsuspecting swatches of the population will suddenly be made redundant. And the world is not prepared.
But enough with the end-of-the-world drama. How can YOU buddy up with this thing and hopefully be spared by the AI overlords?
Let’s check what has been done so far.
What has been done with ChatGTP?
A business idea generator
Let’s start with yours truly.
Since it’s going to probably replace writers(which I am attempting to be here, in this instance), I asked it to do some business brainstorming for me;
Huh, not bad. A pretty good start.
I’d better watch out.
Create a fully functioning virtual machine
This one also got to me. It’s truly mind-blowing. Frederic Besse had ChatGTP create and emulate a full-on virtual machine in its mind. They pretend to install and ran programs on it.
Things got even crazier. They had the imagined virtual machine then access an imagined ChatGTP. And created a virtual machine on that too.
Indeed, we can also build a virtual machine, inside the Assistant chatbot, on the alt-internet, from a virtual machine, within ChatGPT's imagination.
Guys…
Invent imaginary languages
Dylan Black got ChatGTP to invent a new internally consistent language.
If ChatGPT is optimized for language processing, could I get it to invent a self-consistent new language, speak to me in that language, and write a program to translate that language back to English?
Yes. Yes it can.
Some highlights that freaked me out in particular.
It gets subordinate clauses(recursive grammar)
It gets the difference between inflected and non-inflected languages, and can decide when(and when not) word order matters.
It spontaneously composed prose and sentences in made-up languages, with mostly correct grammar and an accurate meaning.
Imagine what Tolkien could have done with this thing.
Google Search Assistant
Someone made a chrome extension where you can plug ChatGTP answers straight into Google, making a lot of its search results redundant.
5 Ideas for ChatGTP or AI in general
Great! Terrifying! I want in!
This weeks ideas are;
Therapy AI
FAQ AI
Tweet AI
Law AI
Dev AI
Therapy AI
I actually spotted this one in the wild.
The idea here is to create a service where users can access a virtual therapist of sorts, which learns from previous sessions and helps motivate, encourage and support people who just need someone to talk to.
AI-powered virtual therapists could be used to provide therapy to people who may not have access to a therapist in their area or who may prefer to receive therapy online.
These virtual therapists could use natural language processing and machine learning techniques to understand a person's thoughts and emotions and provide personalised therapeutic interventions.
These services could compete with traditional therapists because they would be completely unbiased, have 100% recall and be cheaper.
Where this would probably not be a good idea(for now, at least) is to treat people with serious mental illness. Real life therapists would have the upper hand here and be better suited to deal with the complexities of the darker spectrum of the human condition.
Brainstorms
Chatbot as a career advisor…
FAQ AI
Imagine you could train ChatGTP with a business's entire documentation and FAQ, and then have it assist visitors via life chat on your landing page. This could be applied to email support tickets too.
Chatbots powered by AI can help users find answers to their questions by guiding them through the knowledge base or FAQs and providing relevant information.
You could then also add to its knowledge base with questions and answers that FAQ AI could not answer yourself.
So, use AI for
Automation: AI can be used to automate certain customer service tasks, such as answering frequently asked questions or routing customer inquiries to the appropriate department. This can free up human customer service representatives to focus on more complex or high-priority tasks.
Personalisation: AI can be used to personalise customer interactions by analysing customer data and providing personalised recommendations or solutions.
Predictive analysis: AI can be used to analyse customer data and make predictions about future customer needs or preferences, allowing customer service representatives to proactively address potential issues or needs.
Improved efficiency: AI can help customer service teams work more efficiently by automating routine tasks and providing real-time analytics and insights.
Increased scalability: AI can help customer service teams handle a larger volume of inquiries and requests, allowing companies to effectively serve a larger customer base without increasing the size of their customer service teams.
Brainstorms
AI-generated summaries: AI can generate summaries of long articles or FAQs, allowing users to quickly understand the key points…
Tweet AI
We already have AI assisted tweet generators, but ChatGTP has a level of sophistication above what was possible up to now.
You could use it to synthesise and expand upon ideas for tweets beyond just the basic autocomplete-like generators we have now.
And it’s already capable of fooling most people.
I have personally used it to come up with tweet ideas.
With a little bit of creative prompting you can get some pretty interesting things to thread about. And with it’s powers of idea synthesis, and a model trained on a large dataset of viral tweets, you could probably come up with a pretty good Twitter product.
Brainstorms
you could create a SAAS that continuously trains and rents out models with specific styles, tones, custom knowledge…
Law AI
Asking lawyers questions is ungodly expensive. Just sending them an email could end up costing you thousands.
What if you could create a chatbot trained on law and regulations that could answer most legal question for a vastly reduced fee, and faster?
Lawyers could also train AI on data revealed by discovery, and ask it creative ideas for obtaining further evidence, lines of questioning and defences that could possibly have escaped them themselves.
Brainstorms
A voice-based, in-ear AI assistant could be used in the courtroom or the negotiation table to quickly and accurately search through vast amounts…
Dev AI
I foresee a time(not that far ahead in the future, mind you) where product managers will simply be able to enter their requirements and some designs in an AI prompt, and have it spit out a complete, working app.
Software developers would be relegated to maybe just doing some code reviews, sanity checks and perhaps doing a tweak here and there, on occasion. On contract even, not permanent.
Sorry developers, this is not as far fetched as it might sound.
We can already get Copilot to write most of our code by just giving it a few hints with comments. The steps needed to get all the way there are worryingly short, and totally doable, in just a few short years. Just watch.
To those who own products this is a breath of fresh air. But to those working as professional developers making products for others? Well, consider this a HUGE, red ringing alarm bell.
Why not get ahead of your coming obsoleteness and create that requirements-to-production service yourself?
Brainstorms
Imagine an AI agent that can act as a peer review bot…
And that’s it, folks!
That concludes this issue of Biztorm. I’ll be back next week with a fresh batch of ideas and brainstormings. Until then, happy hacking!
PS, a very large part of this issue was actually created with the help of ChatGTP and other AI tools. I did in a single day what previously took me about 3. This technology is truly ground breaking and you better be getting in on it.
If you have any feedback or suggestions, please feel free to reach out to me on @riknieu on Twitter or hello@riknieu.com
Yours,
Rik Nieu