Lol NO! With all the buzz around this world and every company trying to incorporate some form of AI into their business to push their stock price up, I think it's bullshit. But hey, disclaimer: I made two AI businesses and have 2 years of experience in this field, and here is everything I have learned.

My first business was an insurance-based blog completely built with AI. I sold that for $6700 within the first 3 months. I know it's not much, but I needed the money to survive as I was broke.

Now I run a YouTube channel primarily focused on building AI businesses. I started it last year following the trend of AI and unsurprisingly, it grew quite well. I gained about 20k subs and earned quite well combined with all the sponsorship and ad revenue. I get about 5-10 sponsor emails a day, 80% of which go unread. But the other day, I was scrolling through a few of my older sponsor emails and tried testing out a few of their products. Surprisingly, most of their websites were shut down or their products had changed completely from what they had emailed me about.

It was strange for me at first, as these companies did have good money to sponsor but did not have enough to keep running their websites or continuing their products.

So what's the reason?

It all starts to make sense once you start using their product. It's completely dogshit I will be honest.  99% of the AI products available out there right now are just riding the hype train. As cool as it sounds, the majority of these products have no selling point. 

I have used tons thousands of AI products and out of all those ChatGPT is the only one that truly can make a difference for you every other AI product has no real value to offer. Most of the AI products out there are just reskinned versions of ChatGPT or Midjourney. 

All these companies are VC-backed and initially make a lot of noise with sponsorship and everything but none of these works as not many turn into paying customers. 

Most of the new startups are trying to focus on niche problems and trying to solve them using AI. Which I think is a really good initiative and I fully support it. But here is what they miss, they aren’t useful enough for people to ditch the free version of ChatGPT or other such free AI tools and use their product. 

InVideo, AI is a good example of such a problem. They are trying to revolutionize the video creation space by integrating AI and also making an AI-based video generator where you just put in the prompt and the AI makes a video on its own from it. Sounds good. Seeing this I thought to put an affiliate link on Invideo in my video descriptions. I got around 600 sign-ups in total and 0 conversions. YES, 0 conversions from 600 sign-ups. Now keep in mind that my channel is very much focused on AI business and video creation so my channel is a perfect fit for their product, but it did not work out even then. I tested out the product and the results were bad, I mean sure it can create videos on its own but the quality is so shit that it can’t be used anywhere. 

So who will win this?

So if everything is so bad then what’s the point of all this noise? Well, there is but not in the way you think. As of right now, you cannot offer AI as a service, it’s nearly impossible to get people to pay. It's very difficult to meet people's expectations to make them a paying customer because in this field people expect way too much than they actually should.  

Companies like Google and OpenAI have infinite cash and resources to sell their AI service even if they are burning billions of dollars, they DO NOT CARE! But the same is not true for folks like you and me.

So can you do with AI realistically? The best AI business right now I think is to automate your process using some AI tools to get faster results or to outsource and provide better value to your business but that’s just it.

This was just my thoughts on AI. It’s a bit pessimistic but it will at least keep you cleared of all the bullshit flowing around right now on the Internet with all the false hopes and promises.

Thanks for the read. In the next newsletter, I will be sending some Real case studies of people who have found success with AI business and how they did it with $0