“Let’s see what happens,” he teased the audience.
The generative artificial intelligence that powers chatbots like ChatGPT has surprised and alarmed people. Many argue that the software’s ability to compose poetry, write song lyrics, and pen-movie dialogue could put millions out of work.
Also, the situation of get-rich-quick schemes is changing. Online influencers are obsessed with the idea that ChatGPT is a powerful technology that offers an attractive way to make easy money. Many YouTubers and his TikTokers who specialize in personal finance content now have video advertising as one of his premises and you can sit back and have financial freedom while having ChatGPT set up your business. prize.
But entrepreneurship and computer science experts say it’s a false view of how artificial intelligence can help entrepreneurs. Nearly any money-making scheme devised by ChatGPT alone should be generic, they said, because chatbots reverse well-known tactics. In fact, these tools help people with real business ideas to do the technical work of starting a company, such as writing a business plan, creating an income statement, and coming up with a marketing strategy. Thing.
Ethan Morrick, an associate professor at the Wharton School of Business at the University of Pennsylvania, said ChatGPT isn’t going to create “billion-dollar ideas.” And the idea that people can use artificial intelligence to automate many tasks and make money with it is unlikely. [AI] I can’t,” he said.
Economists have cautioned against pouring money into ChatGPT’s side hustle, but those selling the idea are undaunted.
“A lot of people are interested in using it.” [ChatGPT] To make money,” Chatta said in an interview with The Washington Post. “But right now, the people who are really taking advantage of this opportunity are the influencers who are teaching people how to use it.”
A search of YouTube and TikTok on Thursday revealed dozens of videos offering people how to make thousands of dollars using generative artificial intelligence, software that creates text, videos and photos based on the data they are fed. It was revealed.
In a video, prominent YouTube influencer Philip Reiss suggested that AI could be used to create children’s picture books and sell them for $10 each. He commissioned his ChatGPT to write a children’s book for his 2- to his 5-year-old using “Lime.” [sic] and mythical creatures” and chapter titles.
The story revolved around unicorns. For images, Reis asked ChatGPT to provide prompts that can be entered into AI image maker Midjourney. Midjourney made some pictures of unicorns in the woods. The benefits of video are clear, he says.
“The real opportunity lies in growing my personal brand, getting more subscribers and getting more visibility for my other businesses that help people launch online ventures,” Reiss said in the Post. told to
Online personality Ishan Sharma said people can offer their services on freelance gig platform Fiverr and use ChatGPT and other AI tools to do real work. For example, Sharma suggested to his YouTube viewers: You can even suggest doing voice-over work, but use voice clones to complete the task.
Users united on Twitter and Discord trend In this organization, called HustleGPT, people give ChatGPT a modest budget, ask how to turn it into as much money as possible, follow the advice step by step, act as a “human liaison”, and publish the results. .
But entrepreneurship experts say that torrents of videos and tweet threads are meant to garner subscribers, win sponsorships, and create videos that go viral, and that they actually offer the right advice. He claims it’s not for telling.
Several YouTube and TikTok influencers interviewed did not disclose how much they were making from the business ideas ChatGPT has proposed, although one of them said they were making money on their YouTube channel. He said he earned $6,300 a month. This channel specializes in money-making strategies using artificial intelligence and regular tools.
After posting TikTok videos promoting ChatGPT as a money-maker, Chata said she received sponsorship offers of about $300 per video. He didn’t agree to a deal, and it’s unclear if he made any money from the original videos he posted on TikTok.
Morrick added that ChatGPT works much better when it comes to answering specific questions, such as how to write a business plan, list different ways to execute a marketing strategy, or how to prepare financial documents. Using technology in this way could make individual entrepreneurship more accessible, even for those who can’t afford expensive business school or who have difficulty following book directions, he added. rice field.
“Hustlers are all about motivation even if they don’t have ideas,” Morrick said. “But there are a lot of people who have ideas but don’t have a clear idea of how to proceed. That’s the beauty of this.”
Jayant Padi, who runs a marketing agency in Bangalore, India, said in an interview that he is very keen on how his business is using ChatGPT. He treats technology as a ‘co-founder’ and reflects ideas, but does not ask technology to generate its own ideas or make decisions.
However, I found out about a HustleGPT challenge floating around online and decided to participate. He asked the chatbot about his GPT-4 and marketing money-making strategies, and followed its advice when asked to offer workshops.
He adapted this idea to discuss how ChatGPT can be used to create marketing content, training materials, and job descriptions.
The chatbot suggested “generating buzz” by partnering with influencers for marketing. He sold his class tickets at $121 apiece and in three days he sold 21, making a profit of $2,541. He doesn’t think the chatbot gave him the idea, but he found it useful.
“It’s like a helping hand,” he said. “It’s like an extension of my mind, or a tool that I can use to create whatever’s in my head, but nothing more.”
