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In this video, we look at the risks of building an AI startup right now and what to do instead. While AI and ChatGPT are incredible, this may be the worst time to do an AI startup.
We look at the risks of building a feature instead of a product, building on an obvious missing feature in AI platforms or suites. With hyped technology, the new technology can often be a solution looking for a problem and it should be the other way around. Being too early, and competition from stupid money pouring in are also risks. There is also the fear of AI and how it could lead to regulation.
To mitigate these risks, you should either go big and build something revolutionary or go niche and create a blue ocean for yourself where the big platforms probably won't go.
Ultimately, timing is everything in startups and sometimes it's good to let others fight it out before entering the fray. Watch the video to learn more and get advice on building an AI startup.
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