Do you know how to leverage Artificial Intelligence (AI) to create a market disruption?
AI is a rare opportunity to catapult your profits and growth. Imagine a world where computers do more than follow simple instructions. They think, reason, and even act on their own! This is not science fiction. It’s happening right now with AI. The host of the Deep Wealth Podcast and post-exit entrepreneur Jeffrey Feldberg talks with AL expert Shanif Dhanani.
AI in Business: More Than a Buzzword
Jeffrey asks Shanif, “What’s going on with AI from your vantage point?” Shanif explains, “AI today is more interesting and more capable than anything I’ve ever seen.” He says AI can “think” and “reason,” which helps it do things people used to do, but much faster.
AI is changing things every day—not just little by little, but a lot by the hour! Jeffrey asks Shanif about this, and Shanif shares, “Today’s AI is actually more interesting and more capable than anything I’ve ever seen.” It means AI can do so much more than before, like thinking and even creating things!
Shanif gives us a simple view of AI. He says, “An agent or an AI agent is basically just a software application that can essentially take actions and accomplish an objective more or less by itself.” This means AI is like a virtual assistant that can help us with tasks, making things easier and faster.
Isn’t that amazing? AI can automate tasks, create content, and even think ahead. It’s like having a helper who never sleeps!
Shanif’s company, Locusive, uses AI to help businesses be more efficient. He explains, “We’re helping e-commerce brands improve the customer experience.” What does this mean for businesses? Simply put, AI can help them sell more by understanding their customers better.
Shanif gives an example. Imagine you’re shopping for a dress for a wedding. Instead of scrolling for hours, an AI agent can suggest the perfect dress. Shanif describes these agents as “autonomous pieces of software that can think through and reason.” This means less time shopping and more time enjoying life!
Small Teams, Big Impact
In the past, big companies needed big teams to get the job done. But with AI, even a small team can make a huge difference. Shanif shares his experience, “I can write 50 to 60 percent more code with the help of AI.” He also mentions that AI allows small entrepreneurs to start big companies quickly. Isn’t that exciting?
AI is making it possible for small teams, even one or two people, to do big things. Shanif explains how small and solo entrepreneurs can now start their own businesses without needing a lot of resources. It’s like opening doors and making things possible that weren’t before.
Shanif runs a company called Locusive, which uses AI to help businesses, especially in e-commerce. He explains, “We’re helping e-commerce brands improve the customer experience by making product discovery easier.” This means finding the things you want to buy online becomes easier and faster, which is great news for both shoppers and sellers.
Jeffrey sums it up well: “The days of needing a hundred, 200-person company to get into the millions, gazillions of dollars, a single entrepreneur is really right now with AI on the precipice of being able to do that.”
The Human Touch: Better Jobs Ahead
Some people worry that AI will take away jobs. Shanif addresses this fear by saying, “I think we’re going to see fewer folks being hired for tedious work and more folks being allocated to that service component or the human component that AI isn’t great at solving.”
This means AI can handle boring tasks, leaving humans to focus on better, more interesting work. Imagine spending less time on repetitive tasks and more on building relationships and creativity!
AI is not just great for business. It has the power to help us discover products we didn’t even know we needed! Imagine asking a website for a dress for a wedding in Mexico, and it finds you the perfect one with matching shoes. That’s the kind of help AI offers.
Jeffrey brings up the elephant in the room—will AI take away jobs? Shanif thinks not. He says the key is a shift in roles. People can be freed from boring, repetitive tasks and focus on more important stuff. AI helps us get more done, but it doesn’t replace human creativity or relationship-building, which are crucial for business success.
Shanif and Jeffrey chat about how AI could change the way businesses operate. It could make big companies run more efficiently and give small companies a serious edge. But Shanif warns us, “It’s important to double-check where your media is coming from,” because as much as AI helps, it also needs careful handling in terms of security and privacy.
With all its capabilities, AI also brings concerns about security. Shanif explains that there are guardrails in place to keep AI safe. For example, AI in e-commerce shouldn’t sell you a car for a dollar due to a glitch! Shanif mentions, “AI will do whatever the user tells it to. So you have to build in guardrails to prevent it from doing that.”
It’s crucial for businesses to use AI responsibly and securely to protect their customers and themselves.
The Future of AI: More than Just a Trend
So what does the future hold for AI? Shanif is optimistic. He believes AI will continue to evolve and help us live better lives. “I think agents will take over the world of software,” he says.
Imagine a world where your AI assistant helps you with everything from shopping to planning vacations. It’s like having a super-smart friend who helps make your life easier!
Shanif gives us a glimpse into the future. In his view, agents will be everywhere, making life smoother by taking care of mundane tasks. He says, “I think every business worker, if not every organization, is going to have this agent.” Imagine a world where your groceries are ordered automatically, removing one more to-do from your list.
As Jeffrey highlights, “We’re entering a world where everyone is trying to figure out how to use AI.” The future with AI is bright, filled with new possibilities and growth.
Conclusion: Embracing the AI Revolution
In the end, AI is more than a tool—it’s a revolution. From helping businesses grow to making everyday tasks easier, AI is changing how we live and work.
If you’re an entrepreneur, now is the time to explore AI. As Shanif puts it, “Don’t worry. Don’t freak out, figure out the problem and solve it using the solution.” Whether you’re a business owner or just curious about new technology, AI offers exciting opportunities for everyone.
As they close, Jeffrey and Shanif leave us with important takeaways. Try experimenting with AI in small ways to see how it can benefit you and your business. Remember, AI is like a smart sidekick ready to help—and why not let it?
Join the AI journey, and who knows? Your next big idea might just be around the corner, waiting to be discovered with the help of AI. As Jeffrey says, “Your next big breakthrough moment, it might just be one episode away.”
So, dive in, explore, and let’s see where AI can take us!
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Today, Feldberg's passion is helping you extract your deep wealth. The 90-day Deep Wealth Mastery program helps create a solid foundation for three areas: increasing profits to enterprise value and optimizing post-exit life. Deep Wealth Mastery offers strategies and insights drawn from Feldberg's rich experience. The strategies from the trenches get results. Jeffrey's vision is to increase the social fabric of society one entrepreneur at a time.
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