Have you ever heard of … ChatGPT?
No, stop. I’m just kidding.
Of course you have 😂
The recent chain of events following its release has seemingly ignited the industry of AI.
And well, think about it for a moment…
Look at how fast new technology can cause disruption across multiple industries at the same time.
Even in the case of Google.
Google is quite literally a trillion-dollar monopoly business.
It’s considered to have one of the strongest business models in the world.
But all of a sudden,
They now have a competitor.
That competitor is threatening Google’s largest stream of income.
I don’t know what the future holds for Google or ChatGPT.
That’s not my point here.
As you can see,
If you’re a business owner who is NOT willing to:
– Embrace change
– And adopt new technology
Your businesses might not exist in 5 years.
In this week’s podcast episode, Grant and I are discussing business volatility and several business models that won’t be here in the next five years…
So that you can identify and then adapt to the changing business landscape!
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision
00:00 Welcome to Business and Investing
01:40 The prevalence of artificial intelligence and ChatGPT
06:13 Is AI the next big thing to change the world?
14:16 Embracing change as a business owner
18:27 What industries will be affected by the rise of technology?
28:15 The effects of AI on the online industry
33:54 What will be the future of car dealerships?
37:49 Technology-driven changes in investing
41:59 How should people approach the next wave of technology?
47:56 Strategically changing your business
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