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Welcome to another issue of Geek AI.

Today we'll be discussing the dangers of building an AI consulting business.

In particular, the factors you need to consider before launching to ensure you achieve long-term success.

Let’s dive in.

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Earlier today I got an email about a new AI-focused coaching program designed to help aspiring entrepreneurs launch an app or AI-related service over the next 60 days.

After reading the sales page, I got to thinking about the challenges this guy's students might face in the future. In particular, how AI consulting is going to be both an in-demand career - and tough gig - moving forward.

Why?

Because the closer we get to Artificial General Intelligence (AGI), the less need there's going to be for human brainpower.

If you're not familiar with it, AGI refers to Super Intelligence.

Which in plain English, means AIs that can think and problem-solve on their own / without any human involvement or guidance whatsoever.

AGI is considered the Holy Grail of artificial intelligence.

Mainly because, once it's achieved, users will be able to unleash its processing power on most any problem you can think of. Including the problem of not understanding how to use AI to its full advantage.

Which brings us to the #1 problem around building a service-business (or even career) around artificial intelligence:

If someday in the future, an AI can help your clients perform the task they've hired you to perform, your days as a consultant are numbered.

For an example, one of the strategies we teach inside our AI Beginner Bootcamp is asking ChatGPT (or your AI of choice) for instructions on how to write better prompts.

This is a simple example, and with AI's current level of sophistication, may or may not deliver the type of results you're looking for. What it does, however, is highlight what AI will be able to do in the future.

See, if AGI can problem solve on its own, one of the "problems" it can "solve" is the issue of business owners not understanding how to use it.

The reason this matters today is because "lack of expertise" the #1 problem business owners report when it comes to implementing AI in their companies. And because of that, there's a huge demand for experts with an above-average understanding of prompt engineering and how to use AI for business.

The question is: How long will the AI Gold Rush last?

While it's not the best analogy, you can think of being an AI consultant similar to being a developer/coder leading up to Y2K.

If you're not old enough to remember, the reason Y2K mattered is because a variety of computer systems were not configured to roll over to the year 2000.

Instead, they believed that as soon as the clock struck midnight on New Year's Eve, heavy computer infrastructure - from power plants to banks - would bug out and immediately stop working.

While the Internet wasn't as integral to society back then, it was still a big deal. And because of that, both companies and governments spent tens of billions of dollars on developers to fix the issue before January 1st, 2000.

The reason I bring this up is because afterwards, demand for coders and programmers fell back to its baseline level (word on the street is they earned 8x their normal salary to fix software leading up to New Years Eve).

I bring this up because you can think of AGI like Y2K.

Because as soon as AGI is achieved, and as soon as businesses get access to it, corporate demand for AI consultants is going to drop through the floor.

Similar to how studies show businesses already plan on laying off staff in favor of AI, it's likely AI consultants themselves will eventually be replaced by the very thing they help people with.

For now, AI hasn't been achieved (or that's what companies like OpenAI want people to believe). And just because it's been achieved internally does not mean the public will get immediate access to it.

In fact, with how dangerous AGI could be, it's likely the government will regulate its use before allowing the public to use it.

And because of that, it's possible this isn't an issue AI consultants (or most anyone building a career around AI) will have to worry about for years to come.

At the same time, teaching people how to write better prompts, etc. is not particularly difficult. And because of that, it's possible ChatGPT 6 or 7 will possess the intelligence required to make most AI consultants irrelevant.

With that said, demand for AI consultants is massive.

So, if you're willing to take the risk, this could be a highly lucrative career

💡Wrap Up: Over time, advanced AIs will eventually eliminate the need for most AI consultants and prompt engineers. For the time being, however, helping businesses implement AI solutions is a great career path.

🤔Thought-Provoking Question: What level of proficiency would you need to achieve before you felt confident helping companies implement AI solutions?

Interesting Tool ⚙️: Imagine a QR code with your face on it. Or the Eiffel Tower. Or a bowl of paste. With QR Galaxy, you can create eye-catching QR codes guaranteed to attract attention.