Summary
- I learned that a company tried to fight against AI and lost $14.5 billion in market value over the last three years. It's a costly mistake to ignore technology.
- The big lesson here is not to create a business that fights against AI, like ChatGPT. It's better to adapt and embrace new technology instead.
- Whether or not you like AI, it's important to accept that it's here to stay. Resisting it could lead to financial losses.
- I advise trying to grow your business by using technology, rather than avoiding it. Fighting change might seem comfortable, but it often costs money.
- Remember, making the effort to adopt AI can help your company thrive more than sticking with old ways ever will.
Video
How To Take Action
I would suggest implementing technology in what you do, especially AI, because it’s important not to resist changes that are already happening. You don’t want to end up losing money like the company mentioned in the transcript.
A good way of doing this is by exploring AI tools related to your business or personal projects. For example, if you're an entrepreneur, look into AI applications that can help with tasks such as customer support, marketing, or data analysis. There are many free or low-cost options that could save you time and improve efficiency.
For personal growth, consider using AI for learning and development. Tools like language learning apps or content summarization can make studying and self-improvement easier and more effective.
Start by setting aside a small amount of time each week to learn about and experiment with AI technologies. This can be as simple as watching tutorials or reading articles online. It's not necessary to become an expert, but understanding what’s available will help you see how AI can fit into your plans.
Lastly, be open to change. Embrace the mindset that technology can be a friend rather than a foe. It might feel uncomfortable at first, but adopting new technologies can help you thrive in the long run.
Full Transcript
Chad GPT just cost this company $14.5 billion over the last 3 years this company CH ended up losing 14.5 billion in their market cap why because chat gbt makes it easier for students to figure out what a textbook is about Cliff Notes whatever they need to study without having to pay for tutoring or even buy a lot of these textbooks so the big lesson for you is don't try to create a company that fights against chat gbt and AI whether you like AI or not it's here to stay so creating companies that embrace the technology is more likely to cause you to grow creating companies that fight against it and want to stick with the norm and what we're used to probably going to cost you money so whatever you're doing make sure you Embrace AI
