Small Business Grants for ChatGPT and A.I.

If you were looking for the next great business idea to go all in on, this is it.

In this video I will show you the massive opportunity that is just beginning to open.

I’ll also show you how to easily get funding and small business grants to start these businesses regardless of who you are, your tech skills or your background.

But first, let’s talk about what just happened, that got everyone in a tizzy.

So, we’ve been hearing about A.I. for decades now, it’s always been just around the corner.

But in the last 2 years or so, it went from someday/maybe to here, right now, deal with it.

A.I. art is getting first place at art competitions.

Professors can’t distinguish AI written essays from human written ones.

Scientists are tricked by AI written scientific abstracts.

We are hitting an inflection point where AI progress went from slow, boring, steady to rapidly picking up speed.

And no one is ready.

It’s going to be chaos. And you know what chaos is…

“Chaos is a ladder”

ChatGPT, was released to the public in late 2022 and it became one of the fastest growing apps in history.

There are many reasons why it’s revolutionary, but one of the main ones is that it allows anyone, regardless of tech skills, to use the full power of AI

You just type in words and it spits out results.

OpenAI, the creators of ChatGPT, wants people to build companies on top of their technology.

Similar to how the internet allowed anyone to build companies and social networks and search engines on top of it, OpenAI wants people to build applications on top of their AI base layer.

The AI tech is accessible to anyone and right now there is a landrush so to speak to try to build tools and companies on top of this new technology.

Some of these will be highly advanced and complicated projects and some will be easy enough for a 12 year old to run.

If you’re not a techie, don’t dismiss this.

The funding that will flow into this sector will be eye-watering.

What I mean is that you will cry if you let this opportunity pass by.

Already the tech companies are very worried about this new technology.

Google declared “code red” soon after ChatGPT was released because it’s an existential threat to Google, potentially.

So Tech Companies will be using their massive amounts of money to buy up and fund ideas that are build on top of this new technology, because they know that the ones that miss out may not survive 

and the ones that get their hands on the best tech wil cement their status as Gods of tech.

The US government already has a lot of business grants in the tech and science space and likely will pour in a lot more into the AI space in particular.

The US and China had an arms race to see who can develop stronger AI applications faster and so it’s in the best interests of the US to fund  any forward progress in this field.

We saw what happened when computers and internet connections were being rolled out, how many people made life changing amounts of money.

Many of the richest people alive today came from Tech and Telecommunications.

The difference back then was that many, in fact I think most of them, had tech backgrounds.

Computer Science, Engineering, Data Sciences etc.

Most of that money was concentrated in the “Tech Bros” as they are called.

Back then if you were smart and you could code, you stood to make a LOT of money with a simple app or website.

Flappy Bird was making $50,000 per day. 

That was probably the worst game ever made.

Now, the AI is almost like a reset, that sets everyone back to the starting line.

With A.I. tools like ChatGPT, we are seeing that the gap between world class codes and the rest of the regular people, decrease greatly.

And pretty much every single aspect of our economy, of our jobs will be impacted by AI in one way or another, in ways that we can’t even fully comprehend yet.

What I believe will happen is that each tech giant will be using grants and various incentives to pull people to their platforms.

We saw this exact thing happen with video game streamers. 

In case you are not aware of this phenomenon, there are these people who play video games and stream it live to millions of people. 

Those who got in early, have developed massive audiences.

As tech giants like Google, Amazon and Microsoft start their own streaming services, they start handing out tens of millions to get those streamers to move over to their platform.

They all want people creating content on the platform that they own.

Same with AI, they will want people to create AI applications on platforms they own.

Here’s an article on TechCrunch, which talks about small business grants available for AI startups.

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OpenAI, the San Francisco-based lab behind AI systems like GPT-3 and DALL-E 2, today launched a new program to provide early-stage AI startups with capital and access to OpenAI tech and resources.

Called Converge, it will be financed by the OpenAI Startup Fund.

The 10 or so founders chosen for Converge will receive $1 million each and admission to five weeks of office hours, workshops and events with OpenAI staff, as well as early access to OpenAI models and “programming tailored to AI companies.”

“We’re excited to meet groups across all phases of the seed stage, from pre-idea solo founders to co-founding teams already working on a product,” 

OpenAI writes

“Engineers, designers, researchers, and product builders … from all backgrounds, disciplines, and experience levels are encouraged to apply, and prior experience working with AI systems is not required.”

So this one closed in 2022, but it will be started up again in the future, hopefully it will be an annual thing. 

I’ll post an announcement here when it’s launched.

But there will likely be many more like this, this is just the beginning of this massive wave that will likely last for decades.

Here are some other funds that are available.

Google Brain founder Andrew Ng heads up the AI Fund, a $175 million fund to initiate new AI-centered businesses and companies. 

And Nat Friedman (formerly of GitHub) and Daniel Gross (ex-Apple) fund the AI Grant, which provides up to $250,000 for “AI-native” product startups and $250,000 in cloud credits from Azure.

With Converge, OpenAI is no doubt looking to cash in on the increasingly lucrative industry that is AI. 

AI startup Cohere is said to be negotiating a $200 million round led by Google, while Stability AI, the company supporting the development of generative AI systems, including Stable Diffusion, recently raised $101 million.

So money is pouring into this sector, this is like all the companies and money that were built in the early computer days, in the early silicon valley days.

It’s all happening again, on a bigger scale and we are all going to watch it happen in front of our eyes.

So, how do you get prepared for this and make sure you stand to make some money from this.

Because if 10 years pass and AI is everywhere and you made $0 from this, that’s not good.

Don’t do that.

Here are some things I would start thinking about.

First and foremost, stay in the loop.

Make sure you are getting the latest news on AI.

Mainstream media is useless for this, at least right now, they are just not getting it.

They will probably come around, but they will always be a year or two behind.

I just saw Atlantic Post stories saying that AI is not the new crypto. For the past 10 years, they were bashing crypto. Now it’s seen as. Standard tech, technology and AI is not the new thing coming.

Lex Fridman on YouTube is great, he talks to some very high level AI guys, but it’s a bit dry, if I”m 100% honest.

And a lot of it is more focused on theory and research. But it’s very, very good at explaining that.

I just started a newsletter that covers the latest AI developments as well as specific ways that we can use it to make ourselves more effective, make money, business ideas etc.

Checkout out natural20.com and sign up for the newsletter. There is a link in the description.

It’s free, we don’t sell anything, it’s just a simple summary of what happened in AI that week with some actionable applications of AI.

The second thing you should do is to try to incorporate AI tools into your life so that you start getting used to thinking about how to apply them more and more. 

It used to take me an hour plus to edit the raw video on this channel.

Cutting out the little gaps, the ums, the parts where I mess up etc.

It was very tedious work, it was expensive work if I were to hire someone to do it. 

It was time intensive work and if I did A+ work vs just average work, it would make a difference, it was important to do it well.

So about 1 hour of my intensive focus was about 10 minutes of well edited video that was cut and spliced together well.

I’m sure the pros can do it faster, but I’m not one of them.

One day I asked a video editor I knew to help me edit a video and he turned it around in 5 to 10 minutes.

Which was mind blowing for me.

Turns out, there is an AI video editor.

It’s called descript.

I upload my video to it, I click one button and in about 2 seconds it spits out a perfectly edited video.

It’s fast, it’s really good and it’s free.

It has premium features, but it is cheap / free for most of it.

It takes a video, transcribes it, adds captions if you want, cuts the ums and ahs.

If you see captions below me here that highlights what I’m saying.

Word. By. Word. By word.

That did not involve a human being, it’s all AI.

By the way I just learned that this company Descript is going to be financed by OpenAI.

OpenAI is raising money from Microsoft and then funding AI companies.

There is going to be a lot of money in this space. 

But, try to find areas like that in your life. 

What are you doing right now that an AI can do faster, better?

I no longer read contracts.

Like leases, loan documents, etc.

I plug it into ChatGPT and ask it to pull out the important bullet points.

I ask for a list of any fees that are mentioned.

I even asked if there are any unfair or predatory clauses in there.

I pasted an old lease contract in there and asked for a list of all the fees that I agreed to 

It spit out a list of 15 fees that were outlined in this 5 plus page contract.

Some obvious, like the regular rent, late fees, bounced check fees etc.

But a few, like an inspection fee and a rent renewal notification fee or something like that, those I was not aware of.

So, my point is, start trying to apply it.

Since as this tech develops, AI will eventually touch every part of our lives.

One of the important skills will be just having the vision and creativity to think of ways to apply it.

So think about what burden you can onload on the AI.

It will save you time, money and it will help you develop real world AI application skills.

Consider if you want to learn to use the AI to code. 

I don’t have a coding background, I have not coded before really.

I was able to output real life working applications with ChatGPT.

They were simple, like I was able to create a little clicking browser game, where you click a button and a counter goes up and then you can click other buttons to make stuff happen.

It was very simple, but I just asked ChatGPT to create a browser game and then just explained what I wanted line by line.

It automatically spits out a combination of javascript and html.

It knew when it needed to use one coding language vs another.

I asked how to run this code it came up with?

It told me to copy that code into a text file, save it as .html and then I could just open it in any browser.

I did and it worked.

On the first try

Then I was able to make changes and additions to it, just by telling ChatGPT “add this and that”, it then rewrote the code with the new additions.

So, you still need some tech knowledge to create the more advanced stuff, but if you ever wanted to learn to code and just either didn’t have time or it was too difficult…

Well, right now is a really good time to start because the AI will automate a lot of the tedious, repetitive stuff and you just have to take the code it spits out and weave it together into something useful.

coding by hand I think will be seen as archaic in five to 10 years. 

My best guess is it took something that took 4  years of college to learn to know something that probably takes maybe 6 months to get to that same level.

And that’s on this version of it’s language model, I believe it’s GPT-3.5

The new version, GPT-4, is massively bigger and more complex, so I think its ability to take regular speech and spit out working code will just get better and better.

If you are selecting which career to go into, like if you’re a college student, this might be a really good time to consider how you can align yourself with this new tech.

If you’re switching careers mid life, like if you sold a business and looking for a new challenge, going in this direction can be very lucrative.

We are still very early in this new wave, so it’s hard to know exactly what’s going to happen, but the number one advice that I can give is to run towards this.

Don’t stay still, start looking at ways to position yourself to take advantage of this.

Don’t worry about your tech skills, there will be a lot of opportunities for all levels of tech.

Don’t worry about capital, between the business grants that will be handed out and the various funding opportunities, if you have a solid idea then you will likely be able to get the money to try turning that into reality.

Things are about to start moving, much much faster.

Check out my newsletter in the description.

My name is Wes Roth.

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