AI, the best entrepreneur who will make us all rich?

21

October

2023

5/5 (1)

I recently came across quite an interesting AI, called „Hells Pitching“ (1) named after the famous cooking show from Gordon Ramsey „Hells Kitchen“, it even features a picture of him when answering prompts. The AI mainly roasts one business pitch by delving deeper into the idea and exploring certain shortcomings of the idea and application. I prompted it to rate my idea of an AI which can be used to predict the demand for energy in order to regulate energy production to prevent outages. However, I did not think about it too extensively and it caught up to me pretty quickly, as can be seen below.

While the tone of the AI is rather harsh and provocative, it does provide decent comments and questions about the details of the idea. I believe that this can be beneficial for small companies or founders to confirm whether their idea is marketable, realistic and authentic before investing any money.

Although such tools can be of great help for one to think further about possible ideas, the question I had in mind was concerning the data set the AI has been fed with. Imagine the AI has only been fed with “average” projects, how could it comprehend innovation and think outside of the norm, moreover how could this AI provide valuable feedback to the entrepreneur?

Is this tool really sufficient to determine whether a production or service will sell in the market? Why would anyone bother to think about ideas themselves instead of asking the AI how to make money and just follow through? Such AI tools already exist but do they actually work (2)? Luckily I did not have to find out myself since the internet is full of people who tried instead, as a quick YouTube search shows below.

Some of these videos talk about the productization of skills such as Foto and video editing which allow novice users to create pictures only a few professionals were able to create prior. This raises fundamental questions, if AI can make us all rich why aren’t we? The answer to this is a problem more complex than it might seem but interesting to think about. Likewise, where goes our creativity if all we do is prompting AI to create businesses for us, will creative prompters become the artists or Mark Zuckerberg’s of tomorrow? I assume we will soon find out as AI is developing rapidly.

1: https://app.hellspitching.com/

2: https://upmetrics.co/blog/ai-business-plan-generators

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1 thought on “AI, the best entrepreneur who will make us all rich?”

  1. Hi Bijan,

    Super interesting blog you wrote!

    I think what makes it difficult for AI tools such as Hells pitching to make a good prediction for the thee startup ideas, is that it does not have access to the most recent data. Therefore, an idea that could have been good 5 months ago can be the worst idea ever right now. However, I do think this tool can be very usefool for those wanting to set up a startup with business idea. Although the comments are harsch, they can help you to shape your business idea. While people in real life may have difficulty giving brutally honest feedback.

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