Episode
Brainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
1:11:53
Published: Thu Mar 30 2023
Description
Episode 438: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to Hubspot Co-founder and CTO, Dharmesh Shah (@dharmesh), about all things artificial intelligence (AI), the countless business opportunities from AI, and why Dharmesh is saying AI is - and will be - bigger than the internet. Want to see more MFM? Subscribe to the MFM YouTube channel here. SHAAN'S NEW DAILY NEWSLETTER --> shaanpuri.com ----- Links: * OpenAI * LangChain * Chat * ChatSpot * Gates Notes AI article * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (00:50) - Open AI (10:15) - The Chat to Code Revolution (17:45) - How does AI work? (19:03) - Is AI scary? (23:40) - Sequoia's AI Event (29:05) - Vector embeddings (43:15) - Why Dharmesh Bought Chat.com (50:45) - Dharmesh's 17 Year Chatbot Journey (01:00:10) - Tactical Advice on Hampton ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
Dharmesh Shah, co-founder of HubSpot, discusses generative AI and entrepreneurship with the podcast host.
00:00 - 01:05 (01:05)
Summary
Dharmesh Shah, co-founder of HubSpot, discusses generative AI and entrepreneurship with the podcast host. They dive into the potential impact of AI on society as well as the current state of startups and investing.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
Sam Altman reportedly has no equity in the for-profit version of Open AI, the AI research lab that started as a non-profit.
01:05 - 05:04 (03:59)
Summary
Sam Altman reportedly has no equity in the for-profit version of Open AI, the AI research lab that started as a non-profit. Elon Musk recently departed from the company, which has now become a for-profit semi-closed company, and it's unclear how it evolved from an open-sourced nonprofit company.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker discusses exploring voice models, particularly a Kanye West voice model, and dedicating a week to learning about AI and natural language processing.
05:05 - 08:18 (03:13)
Summary
The speaker discusses exploring voice models, particularly a Kanye West voice model, and dedicating a week to learning about AI and natural language processing.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker discusses their experience creating a website during AI week and how being able to navigate obstacles with the help of AI was impressive.
08:18 - 14:40 (06:21)
Summary
The speaker discusses their experience creating a website during AI week and how being able to navigate obstacles with the help of AI was impressive.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The discussion revolves around the perception of AI technology and how people react to it differently.
14:40 - 19:16 (04:36)
Summary
The discussion revolves around the perception of AI technology and how people react to it differently. While some are afraid of it, others find it easy and efficient to use.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The development of AGI should be done in a safe way to avoid potential devastation if it gets into the wrong hands or takes its own directive.
19:16 - 23:01 (03:45)
Summary
The development of AGI should be done in a safe way to avoid potential devastation if it gets into the wrong hands or takes its own directive. This is why even highly intelligent individuals, such as Sam Altman, have doomsday bunkers equipped with necessary essentials.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The conversation revolves around practical discussions regarding their tech stacks and what they are currently working on.
23:01 - 28:11 (05:09)
Summary
The conversation revolves around practical discussions regarding their tech stacks and what they are currently working on. They also mention Chat GPT, a product of Open AI that allows users to build similar things utilizing their API, where one speaker talks about how they used it to spin up an app quickly for Apple when they needed it.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
This episode explains what vector embeddings are and how they are used to capture the meaning of a text by reducing it down to a set of numbers, which falls on a specific point on a line or axis.
28:12 - 34:15 (06:03)
Summary
This episode explains what vector embeddings are and how they are used to capture the meaning of a text by reducing it down to a set of numbers, which falls on a specific point on a line or axis.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
Generative models are now used to better understand the meaning and context of text-based content, by leveraging public human knowledge to identify similarities and meaningful differences between words and phrases.
34:15 - 38:09 (03:54)
Summary
Generative models are now used to better understand the meaning and context of text-based content, by leveraging public human knowledge to identify similarities and meaningful differences between words and phrases. This technology can also be used to analyze and categorize content based on tempo or other features.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
Lang Chain simplifies connecting the dots between individual language models and class models, making it easier to work with large language models like GPT-4.
38:09 - 43:25 (05:15)
Summary
Lang Chain simplifies connecting the dots between individual language models and class models, making it easier to work with large language models like GPT-4. It offers assistance with tasks that were previously delegated to humans, such as following up with people and providing accurate answers.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker discusses how he finds inspiration from a variety of people, including a 17-year-old TikTok creator and HubSpot's skunk work team.
43:25 - 47:40 (04:14)
Summary
The speaker discusses how he finds inspiration from a variety of people, including a 17-year-old TikTok creator and HubSpot's skunk work team.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The host and guest discuss the investment approach of putting money behind things that they believe in or are interested in, either through philanthropy or business ventures, and the thrill of pursuing passions regardless of consequences.
47:40 - 50:54 (03:14)
Summary
The host and guest discuss the investment approach of putting money behind things that they believe in or are interested in, either through philanthropy or business ventures, and the thrill of pursuing passions regardless of consequences.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker talks about how the idea of in general mail evolved into a web-based tool and eventually led to the creation of the product in general mail, emphasizing the importance of iterating and finding like-minded individuals to build upon your ideas.
50:55 - 54:48 (03:53)
Summary
The speaker talks about how the idea of in general mail evolved into a web-based tool and eventually led to the creation of the product in general mail, emphasizing the importance of iterating and finding like-minded individuals to build upon your ideas.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The process of launching a new product requires dedication, investment, and willingness to take risks.
54:48 - 1:00:18 (05:30)
Summary
The process of launching a new product requires dedication, investment, and willingness to take risks. It's important to understand your nature and decide whether you're comfortable with uncertainty, and to be prepared to invest the time and money necessary to make the product a success.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker tried out minting an NFT and using crypto for loans, but found that it wasn't necessarily easy or the right fit for him.
1:00:18 - 1:02:43 (02:24)
Summary
The speaker tried out minting an NFT and using crypto for loans, but found that it wasn't necessarily easy or the right fit for him.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The speaker discusses using AI to create a more efficient workflow in creating a dating site that matches people based on similar traits, and how there are many mind-blowing moments and nuances to this technology.
1:02:43 - 1:05:38 (02:55)
Summary
The speaker discusses using AI to create a more efficient workflow in creating a dating site that matches people based on similar traits, and how there are many mind-blowing moments and nuances to this technology.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The conversation explores the potential of Bitcoin and new technology, discussing the hype surrounding the quick turnaround and the emergence of prompt engineering.
1:05:38 - 1:09:51 (04:13)
Summary
The conversation explores the potential of Bitcoin and new technology, discussing the hype surrounding the quick turnaround and the emergence of prompt engineering.
EpisodeBrainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah
PodcastMy First Million
The use of technology should create value, and not just be an excuse for making quick money.
1:09:51 - 1:12:05 (02:13)
Summary
The use of technology should create value, and not just be an excuse for making quick money. People should look up to individuals who create value in their lives, rather than just using technology to become an AI tourist.