as a small business owner let's say I'm a small business owner I immediately think hey can I really afford to implement changes within my business do I have to buy expensive GPU chips to to implement this like what do the smaller players do well look I think the first thing is everybody should go get accounts in three places right get chat GPT plus get Bing Bing chat and I love this new service called po poe.com which has multiple different AI models available to you and those are about 20 bucks a month and all of a
sudden what you get to see is the power of generative AI being applied to your business and I think about generative AI for small businesses in three different categories one is in all your consumer contact and we can talk more about that one in sort of you as a thought partner with you uh to think about your businesses and new ideas and the third thing is to think of it as your super assistant being able to do many things that are drudgery for you today free but if money was constrained which one would you pick
oh I would pick chat GPT Plus okay and and for the customer Bing is free Bing is Microsoft has made Bing free so you have that as well but what about the quality sometimes the answers aren't always correct right between three and then there's debate about like chat GPT 3.5 and chat gbt4 should as a business owner should we be concerned about the accuracy that's being spewed back at us well so I think that the use case is very different right so the use case is not information search for information search you still want to
go to Google and you know verify the sources but the way I think about chat GPT is really it's a thought partner and is lowering the cost of cognition learning that helping us with new ideas and new new considerations a cool example that I first came across when I knew this was important was a VC in California was helping a sort of uh immigrant businesses in in lawn care and fence care and so forth and typically they had you know not great English skills and he would help them communicate with them create the right text
messages create the right emails for them so they could communicate with those customers all of a sudden you know now these entrepreneurs could literally put their you know their broken English into chat GPT and get perfect Harvard English perfect Oxford English you know perfect whatever English you wanted in the communication so all of a sudden they had this new superpower which were before or English communication through text was very difficult and now it became super easy that's just one example of the various things you can start to do if you think about small businesses and
they need a social media strategy they need something to come up with in terms of all the tweets they need to do all the Facebook posts they need to do all the tick tock videos they need to create well ideas for them can be generated through chat GPT so here you're not basically asking it for a particular factual information you're thinking with it and it's thinking back with you and coming up with ideas and they're amazingly implementable ideas that you can put put into practice right away
