AI Killed A Billion Dollar Business And More Is Coming

AI Killed A Billion Dollar Business And More Is Coming

Yesterday a fellow tech entrepreneur invited me to an impromptu Zoom session and we discussed the changing nature of things and business.

We’ve both been working for over a decade in our present businesses and both of us agreed that we were more unsure about the future of our business now than ever in the past.

And he brought up Stackoverflow.

I have talked about Stack before. Predicting that it’ll be hurt. Well, that time is now. Their traffic is down by half and shrinking fast. I expected this. AI has filled many moats.

Content-based businesses will be the first to face the music. Businesses that depend on information as a product.

That means Blogs too. Yes, bad news. I know.

Did you hear that Google is going to put in an AI-generated ‘information snippet’ next to every search made? They are already trying it out.

This means most of the questions people ask will be answered on Google itself and the search will flow to others after AI serves. We are going to get the leftovers.

It’s not good for Google either. They are the biggest information transactors in the world. It’s their job to take a person from a question to the website where they will find the answer. That’s the purpose of Google.

You associate Google with search. You don’t associate it with AI.

They can put AI in search but it’s not going to be the same as a dedicated AI product. I can imagine a lot of specialty AIs are going to crop up for different regions, niches, and problems. Even Google can’t fight with that.

So, I am asking you again. Is your business ready for the unexpected change?

You can’t anticipate the ways things will change but you can prepare anyway.

Here’s The Roadmap That I Am Trying To Follow

1. Stay up to date with the latest developments. Make sure you know what’s happening.

2. Get on board with fresh ideas and create something around them.

3. Acquire new skills around new technologies.

4. Focus on RoI. If you are not getting an RoI change something.

5. Try new things all the time.

6. Standing out with ‘human connection’

I read the book, “Who moved my cheese” in my early 20s. It’s a small but amazing book. There’s a lot of clarity in there that entrepreneurs need.

Sometimes the Cheese moves. It’s still there, just in a different place.

The bottom line is – Always be prepared for an interesting change.

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Got questions about marketing or my products? Mail me. I read what you tell me and work on that.

See you again at my next one!

Cheers!
Your best friend in the business
Cyril “Jeet”
Of Teknikforce.

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