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Unlocking Economic Freedom with AI
Artificial Intelligence (AI) is no longer just a tool for simplifying daily tasks or enhancing photos and videos; it’s quickly becoming a powerful engine for wealth creation. Matt Higgins, a self-made millionaire and guest on ABC’s “Shark Tank,” believes that AI is set to become the greatest wealth creator in history, leveling the playing field for people across the globe and offering unprecedented economic opportunities.
Rapid Growth on the Horizon for AI Market
While current AI tools like ChatGPT or Midjourney have their limitations, the AI market is on the brink of explosive growth. A PwC report values the market at nearly $100 billion and predicts it will contribute a staggering $15.7 trillion to the global economy by 2030. Higgins emphasizes that now is the prime time to capitalize on AI’s potential.
Freelance Work Enhanced by AI
For those with a knack for writing, graphic design, or photo and video editing, AI can be a lucrative ally. Susan Gonzales, CEO of AIandYou, encourages liberal arts students and others to improve their AI knowledge. Tools like Jasper are already aiding entrepreneurs like Kristen Walters in creating and selling digital products. By assisting with tasks such as writing business plans or generating digital artwork, AI can help freelancers work more efficiently and potentially earn over $100 an hour.
AI as a Catalyst for Entrepreneurship
Small-business owners have much to gain from integrating AI into their operations. AI can streamline processes like inventory management, customer behavior analysis, and marketing. Jacqueline DeStefano-Tangorra, CEO of Omni Business Intelligence Solutions, uses ChatGPT to quickly prepare client onboarding documents and meeting agendas. Experts warn against uploading confidential information to AI tools, but encourage experimentation with the technology to find new revenue opportunities.
The Emerging Field of AI Tutoring
While AI tutoring is not yet in high demand, it’s expected to become a sought-after skill. As more people seek to understand and utilize AI, opportunities for AI tutors and trainers are likely to rise. Educational institutions from Harvard University to the University of California, Davis, offer free AI courses, equipping individuals with the skills needed to thrive in the imminent AI boom.
With AI poised to disrupt traditional barriers to economic success, embracing its capabilities could be the key to unlocking new avenues for income. Whether through freelance work, entrepreneurship, or tutoring, the AI revolution offers exciting prospects for those ready to seize them.
