Can AI Make Me Money?

I am talking to AI.
A successor day, you don’t need to know all the answers.
Just have good questions.
Chatting to AI is different from normal speech
and I hope you enjoy listening to the show
whilst getting ideas on how to hone your questions
to get the most out of AI.
My name is Paul.
The live conversations you hear are uncut
although sometimes the AI needs time to think.
In those cases, I’ve cut out the dead space.
Good morning ChatGPT.
Today I would like to talk to you about accumulating money.
The morning, absolutely. We can chat about that.
Accumulating money can cover a lot of ground
from saving strategies to investing tips.
Just let me know where you’d like to start
Let’s talk about making money online with AI.
What do you suggest?
What sort of approaches could I take, high level?
What sort of businesses or activities
would lend well to a completely virtual business
that would work online and not require any
or very minimal physical touch points
because obviously I can’t do that with AI.
What do you think?
Absolutely, that’s a great topic.
There are plenty of ways to build a virtual business
around AI that’s basically all online
and doesn’t need any physical interaction.
At a high level, you could think about things
like offering AI-driven services,
maybe something like an AI consulting service,
what you help businesses integrate AI tools,
or even creating AI-generated content,
like writing or image generation for clients.
Another angle could be creating and selling
digital products that use AI,
like AI power tools or apps that people can subscribe to.
Basically, anything that involves knowledge work,
digital products, or online services
can be a really good fit for an entirely virtual
AI-based business.
I guess the types of businesses that would be
most ripe for it would be the kind of businesses
that would be digital marketing agencies,
social media marketing.
They’re kind of obvious.
Are there any more that are less obvious?
Yeah, definitely.
Those digital marketing agencies
and social media services are the obvious ones.
But if you want to think a little more off the beaten path,
there’s some cool stuff out there.
For instance, you could look into AI-driven education platforms,
like personalized tutoring or language learning tools
that are all AI-powered.
Another one that’s a bit different
could be AI-assisted creative tools,
like helping artists or musicians
generate new ideas,
or even co-create content using AI.
You could even think about G-Services,
like AI-Pyro legal document review,
or AI-driven financial analysis for small businesses.
So there’s definitely a lot of directions you could go
that aren’t just the typical marketing-agent realm.
What I’m wanting to go is…
I’m thinking the kind of thing that one person
could do on their own with AI.
So it has to be a very sort of
small-starting kind of activity.
Maybe more a sort of service than a platform.
I don’t think I’ll…
If I was to try and do something,
I don’t think I’d have the bandwidth to develop a platform
along with everything else that I’m doing.
But I’m thinking, yeah, is there something that I can do?
This is a good one.
If there’s something that I can do
in a sort of small way to start with
that would drive a small amount,
some income doesn’t have to be that much,
but that would be a good in
sort of getting my feet wet,
but not necessarily…
Yeah, but a little off the beaten track,
not something too obvious.
I don’t really think that I would like to
enter the world of digital marketing right now.
I think maybe something a bit smaller
and a bit less…
It’s like a small business
that due to the using AI
can reduce the workload significantly
and still produce a good product
that hopefully will be overlooked
by some of these…
by the mass of people
that are just looking for the obvious stuff.
Yeah, absolutely.
I get where you’re coming from.
So something that’s kind of a nice,
small, solo-friendly venture
where AI just makes it easier
and you’re not in a super-crowded space.
One idea might be something like
AI-assisted resume and cover letter services.
Basically, you could offer a personalized service
where clients send you their info
and you use AI tools to help draft
or polish their resumes and cover letters.
It’s a kind of service that you can do
on your home and AI can really speed things up
and improve quality
without you having to do all the heavy lifting yourself.
And it’s not as crowded as, say, digital marketing.
Another angle could be offering
AI-based transcription and editing services
for niche fields,
like if someone has podcasts or videos
and they need really polished transcripts,
you could use AI to do the heavy lifting
and then just do a final human touch.
And that’s a service that’s a bit off the beaten path
but still pretty useful
and not too overwhelming to start.
Hmm.
Okay.
How autonomous can I make an AI agent?
Because I think there’s some significant limits.
So I’m going to have a go at making an AI agent
and I’ve been looking…
Well, I have made one already
using some software called 8N8.
But what I found,
I found that it does seem to be quite limited.
The biggest limitation, I think,
is that you can’t really get an AI agent to be autonomous.
I would say that it is definitely triggered by an action,
which is either a human action
or a…
You could schedule an action or some kind of trigger,
but they’re not proactively trying to do something.
Are there any examples of agents that are more proactive?
Yeah, that’s a really good observation
and you’re totally right.
Most AI agents right now are pretty much reactive.
They wait for a trigger,
whether it’s a human pressing a button
or some kind of scheduled event.
They don’t typically go off and just decide on their own,
hey, I’m going to do this new task now.
In terms of more proactive examples,
we’re starting to see a few that are a bit closer to that.
For example, some of these more advanced personal AI assistants
that are being developed
can kind of anticipate needs based on patterns.
So they might not be completely autonomous,
but they can start to say,
hey, I noticed you usually do this at this time.
Do you want me to go ahead and do it for you?
So there’s a little bit of nudging,
a little bit of proactive behavior,
but it’s still early days.
Most of the time, yeah,
it’s still pretty much triggered by something external.
But as the tech evolves,
we’ll probably get closer to regions that can be a bit more proactive.
It’s just a matter of time.
I guess we’re a long way off from having an agent
which I give a prompt to which says,
can you make me money and deposit it into this account, please?
And then it goes off into the wide world.
Yeah, exactly.
We’re definitely not at the point yet
where you can just say to an AI agent,
hey, go make me some money and just drop it in my account.
And it just goes off and does it autonomously.
Yeah, it would be pretty cool if it were that easy, right?
Just send an AI off on a money-making adventure
and watch it come back with profits.
But yeah, for now, we’re still in the realm of giving them a little guidance
and then letting them assist
rather than sending them off on their own treasure hunts.
But who knows, maybe someday…
I don’t have any kind of activities that I could get an AI agent to do
to sort of build something that would develop into something useful.
I don’t know, like, for example,
obviously I could get AI to write a book.
And that’s quite obvious.
But maybe I could get AI to develop a data dump or something.
Yeah, I see where you…
Yeah, sorry.
No worries at all.
I get what you mean.
Basically, something a bit more creative or constructive
that the AI could help you build up over time into something useful.
And yeah, definitely, you could get an AI to write a book or something like that,
but going a little more off the beaten path,
you could think about things like having an AI curate a specialized knowledge base
or a data set or even a little niche newsletter
that gathers info on a topic you’re interested in.
For example, you could have an AI agent that kind of helps you collect
and summarize interesting trends in a certain industry.
And over time, you kind of build that up into a little resource
that becomes useful to other people.
So yeah, there’s definitely ways to do that.
It’s just about finding a small, focused area
where the AI can kind of do a little bit of the heavy lifting
and you curate it into something useful over time.
Yeah, I suppose if I was running an agent in that manner
and it was adding, creating articles or creating data at that time,
it would, you know, synthesizing information at a moment in time.
It could actually create quite a useful proprietary database
that could be valuable, couldn’t it?
Yeah, exactly. That’s kind of the beauty of it.
If you’re running an AI agent in that way
where it’s consistently adding and synthesizing information over time,
you do end up with this really unique proprietary resource
and it can be quite valuable because it’s something that you’ve built up
that nobody else has exactly in that form.
So yeah, it’s kind of a neat way to create something unique with the help of AI.
Well, I don’t think I’m going to run off and do anything right now,
but I think it’s definitely given me a few pauses for thought
and maybe I might review this again
and I may have a follow-up with some different questions.
This is really the beginning, I think, of me just mulling over the ideas
of things I can get AI to do and an obvious question is,
you know, can I get it to make me some money?
But I understand it’s not as simple as all that,
but I think there’s a few things there.
So thank you for that.
And I guess this won’t be the last time we talk about this,
but it’s definitely food for thought.
So thanks very much, G.I.G.P.T.
You’re very welcome and absolutely,
it’s definitely a fun area to just explore and kind of brainstorm around.
So any time you want to circle back and chat more, dive into a different angle,
just let me know, I’m always here for it.
And I’m glad I gave you some food for thought.
For show notes and more, go to cooking2ai.show.
Thank you.