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7 Reasons Why ChatGPT and A.I. Can Make or Break Your Business

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 9 May 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Are you using AI to grow your business? In this episode, Patrick Bet-David talks about 7 reasons ChatGPT and A.I. can make or break your business. In this video, Patrick Bet-David details the future of education and the college monopoly system. Check out Pat's Top Udemy Courses here: https://bit.ly/3Aic5Yz. These are the courses Patrick mentioned and recommends: ChatGPT Complete Guide: Learn Midjourney, ChatGPT 4 & More: https://bit.ly/3VKm1V7 Artificial Intelligence A-Z™ 2023: Build an AI with ChatGPT4: https://bit.ly/44EIB5H FaceTime or Ask Patrick any questions on https://minnect.com/ Recommended video: What is ChatGPT & Who is Behind it?: https://youtu.be/FRMxGDDiDpE Subscribe to our channel: http://bit.ly/2aPEwD4 To reach the Valuetainment team, you can email: info@valuetainment.com

Transcript

Click on a timestamp to play from that location

0:00.0

Would you be surprised if I told you most people still haven't logged on to Chad GBT and have not even used it one time?

0:06.0

Most people miss it. That's not even possible. I'm hosting an event at the Boca Resort with 230 entrepreneurs

0:12.3

These are guys that are doing a million to 200 million dollars per year. These are business guys 100 employees 50 employees 300 employees

0:18.9

I said raise your hand if you've never used Chad GBT people raise their hands. I said stand up. They stood up

0:25.5

80% of the rooms stood up. Then the other 20% I said those of you guys that are using it regularly

0:31.8

Give us ideas on what you're doing and everybody was growing away. Today, I'm going to give you seven ways

0:37.2

You can use AI to speed up the growth of your business. If you give out yet

0:41.7

The end of the video you give it a thumbs up and subscribe to the channel. Let's get right into point number one

0:45.5

Risk and legal. So they did a crazy experiment taking a group of top lawyers competing against AI

0:51.8

Gave them four hours to review documents to see which one of them after reviewing it would have the highest success ratio of how much information

0:58.3

They retain well the lawyers took 92 minutes and AI you know how long it took 26 seconds then they took the test

1:06.1

You know what the success ratio on the test was the lawyers got an 85% success ratio and AI

1:11.9

95% Lawyers can't even directly compete with AI anymore

1:16.5

So how are people using AI for risk and legal?

1:18.7

Here's what they're doing a can help answer complex questions scanning vast amounts of legal documentation drafting reviewing annual reports

1:25.2

Identifying clauses within contract and compared with other documents and matter of fact recently according to statistics a 58%

1:32.2

Believe using AI allows for more consistent decision making in a significantly shorter time frame

1:38.6

So if you're not using AI for that

1:40.2

That's one of the ways to leverage AI

1:41.9

I had number two is customer service, which is I mean you've been to many different websites when the thing pops up on the bottom right

1:46.9

Like okay, here's a question that they want to ask you and some people say well

1:49.6

Does that even really work or not? Here's what it comes down to in my business

...

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