Found 8 business ideas discussed on 2024-08-20

Aug 21, 2024

Ask episode

Chapters

Transcript

Episode notes

Business ideas found:

1. -BUSINESS IDEA- 1. **Specialized AI chips**. - Elapsed: 0:10, Remaining: 9:27

2. -BUSINESS IDEA- Podcast AI. - Elapsed: 1:33, Remaining: 8:04

3. -BUSINESS IDEA- The story of an elegant business deal. - Elapsed: 2:30, Remaining: 7:08

4. -BUSINESS IDEA- 1. **API for Large Transactions**. - Elapsed: 4:27, Remaining: 5:11

5. -BUSINESS IDEA- 2. **Data Strategy for Non-Data Companies**. - Elapsed: 5:27, Remaining: 4:10

6. -BUSINESS IDEA- 3. **AI-Powered Recruiting Agents**. - Elapsed: 6:21, Remaining: 3:17

7. -BUSINESS IDEA- 1. Moxy: An AI-Powered Apartment Search and Research Assistant. - Elapsed: 7:44, Remaining: 1:53

8. -BUSINESS IDEA- 1. AI Writing Assistant. - Elapsed: 8:42, Remaining: 0:55

Summary transcripts and timestamped source links:

[0.00] TechCrunch_Taking on Nvidia and betting on transformers with Gavin Uberti from Etched.txt

TechCrunch

Taking on Nvidia and betting on transformers with Gavin Uberti from Etched

\ -BUSINESS IDEA- 1. **Specialized AI chips**.

[YouTube Link:

Etched is developing specialized AI chips designed specifically for running Transformer models. Unlike flexible AI chips such as GPUs and TPUs, Etched's chips are not programmable and are dedicated solely to Transformer models. This specialization allows them to achieve significantly higher performance, estimated to be an order of magnitude faster than competitors, with capabilities like processing half a million tokens per second for large language models like Llama 70 in FP8 precision. While acknowledging the environmental impact of semiconductor manufacturing, Etched emphasizes the importance of producing these chips in the US to maintain American leadership in the field. The company has secured tens of millions of dollars in contracts for its products, with some potential customers who were unable to secure a contract becoming investors in the company. Etched believes that the trend of increasingly larger AI models will make specialized chips not just an option, but the only option for running these models effectively, drawing a parallel to the shift from GPUs to specialized ASICs in Bitcoin mining.

[76.24] This Week in Startups_Venture returns, recovering startups, and VC conflicts _ E1995.txt

This Week in Startups

Venture returns, recovering startups, and VC conflicts | E1995

\ 1. -BUSINESS IDEA- Podcast AI.

[YouTube Link:

Podcast AI is a startup that had a great response from investors with $500,000 raised from its Syndicate and $250,000 from an investment fund. The startup went through Founder University, an accelerator program, and got an initial $25,000 check. The same amount was invested when the company was in the accelerator program. After graduating, a third investment of $250,000 was put in by the fund. This company has strong conviction and offers a subscription of $500 a month to podcasters that want AI to build a website for them. This resulted in a constant increase in monthly revenue for Podcast AI.

\'\'

[135.25] My First Million_“It’s my best deal ever” - Alex Hormozi on investing in Skool.txt

My First Million

“It’s my best deal ever” - Alex Hormozi on investing in Skool

\ 1-BUSINESS IDEA- The story of an elegant business deal.

[YouTube Link:

The speaker shares his experience of closing a deal with School, a platform that helps people start businesses. He emphasizes that the most crucial aspect of any brand endorsement is choosing the right partners, as it significantly impacts his audience's trust. He highlights that a substantial portion of his audience comprises individuals aspiring to start businesses. Therefore, he sought a venture that aligned with their needs without affecting his existing business model. The deal with School perfectly fit these criteria, offering a scalable product with high demand. The speaker was particularly impressed by School's impressive growth metrics, especially its 20% month-over-month organic growth. The partnership proved mutually beneficial, with both parties making significant commitments and expressing satisfaction with the collaboration.

[190.62] Greg Isenberg_Business Idea_ Micro-Influencer Campaign Manager _ $5M Idea.txt

Greg Isenberg

Business Idea: Micro-Influencer Campaign Manager | $5M Idea

[YouTube Link:

### BUSINESS IDEA-1. The Micro Influencer Campaign Manager.

This business idea focuses on streamlining micro-influencer campaigns for small to medium-sized brands using influencers with under 8,000 followers. The platform utilizes AI to identify and vet potential influencers based on brand alignment, engagement rates, and follower demographics.

Key features include:

- Automated outreach and negotiation using templates.

- Content approval workflows and posting schedule management.

- Campaign performance tracking across platforms like Instagram, TikTok, and YouTube.

- ROI analysis and optimization suggestions.

The service could be offered for a fee, such as $149 for managing a campaign with 20 influencers.

[248.56] World of DaaS with Auren Hoffman_People.ai CEO Oleg Rogynskyy - How AI is Replacing Sales People.txt

World of DaaS with Auren Hoffman

People.ai CEO Oleg Rogynskyy - How AI is Replacing Sales People

\ -BUSINESS IDEA- 1. **API for Large Transactions**.

[YouTube Link:

In the future, it is predicted that large and sophisticated transactions, such as buying enterprise software or even an airplane, will be done entirely digitally through APIs, similar to how Tesla sells cars online. The use of language models will eliminate the need for human salespersons and buyers, allowing for a direct and automated handshake between buyer and seller systems. This shift will be driven by AI agents that have access to vast datasets, enabling them to understand complex requirements and negotiate deals on behalf of their human clients. Platforms with existing user bases, like Microsoft or Google, are likely to dominate this space as they can easily integrate these AI-powered transaction capabilities into their existing services. However, the key to success in this API-driven market will be access to unique and defensible datasets that provide a competitive edge.

-BUSINESS IDEA- 2. **Data Strategy for Non-Data Companies**.

[YouTube Link:

Companies like Hertz or Avis, which are not traditionally considered data companies, possess valuable data as a byproduct of their operations. They could leverage this data by implementing a data strategy that involves collecting and analyzing data on customer rental patterns, car usage, and even economic factors driving rentals. This data could be used to fine-tune AI models, improve customer service, and even develop new revenue streams. For instance, Hertz and Avis could outfit their vehicles with sensors to collect telemetry data, similar to what Tesla does. This data could then be sold to other companies, such as those developing self-driving car technologies. By recognizing the value of their \"exhaust\" data, non-data companies can gain a competitive advantage in the AI-driven future.

-BUSINESS IDEA- 3. **AI-Powered Recruiting Agents**.

[YouTube Link:

One of the biggest bottlenecks in hiring is the time it takes to conduct interviews and screen candidates. AI-powered recruiting agents can significantly streamline this process by automating initial screening calls, gathering necessary information, and even conducting preliminary assessments. This would free up valuable time for hiring managers and engineers, allowing them to focus on more strategic tasks. These agents could analyze candidate profiles, resumes, and even conduct text or video-based interviews, using natural language processing to understand candidate responses and assess fit. While the final decision-making would still involve human interaction, AI agents can significantly reduce the initial workload and improve the efficiency of the recruiting process.

[430.25] Elijah Murray_Startup Studios vs Venture Capital.txt

Elijah Murray

Startup Studios vs Venture Capital

[YouTube Link:

### BUSINESS IDEA-1. Aligning Incentives Between Startups and Venture Studios.

Venture studios offer a more compelling model compared to traditional venture capital by aligning incentives in a more profound and meaningful manner.

[448.33] Eye on Tech_Are you up to date with this gen Z jargon_.txt

Eye on Tech

Are you up to date with this gen Z jargon?

\ \'\'

[453.94] Startup Pitches_Moxie - AI Agent Hack.txt

Startup Pitches

Moxie - AI Agent Hack

\ -BUSINESS IDEA- 1. Moxy: An AI-Powered Apartment Search and Research Assistant.

[YouTube Link:

Moxy is an AI-powered application designed to streamline the process of finding an apartment. Users can interact with Moxy conversationally, providing details about their desired apartment, such as location, budget, and desired proximity to amenities. Leveraging advanced language models, Moxy can process these requests and retrieve relevant apartment listings. In addition to basic search functionalities, Moxy integrates with external APIs to offer insights into neighborhood safety by analyzing crime news and presenting relevant information to the user. Upon request, Moxy can compile a summary of the apartment search and relevant neighborhood information, sending it to the user's email address for easy access and future reference.

[509.62] The AI Advantage_Build Full Web Apps in MINUTES with AI _Free_.txt

The AI Advantage

Build Full Web Apps in MINUTES with AI (Free)

\ -BUSINESS IDEA- 1. AI Writing Assistant.

[YouTube Link:

This AI-powered business idea revolves around a web application dubbed \"AI Writing Assistant\". It primarily focuses on two functionalities: text summarization and essay writing.

The text summarizer condenses large chunks of text into concise summaries, while the essay writer crafts essays based on user-provided topics, key points, and desired word count.

The application leverages large language models (LLMs) for its core functions, with the option to integrate either Claude or OpenAI's models. It is designed as a locally hosted web app using the Flask framework for Python and is customizable in terms of features and design. For instance, users can tweak the system prompts to influence the style and content of the generated text, as demonstrated by instructing the essay writer to produce an essay with intentional spelling errors.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit startupideasagent.substack.com