“Shark Tank” star Kevin O’Leary sees plenty of pitches from entrepreneurs, particularly in AI. And he is all in on the know-how — the enterprise capitalist introduced in December that his agency, O’Leary Ventures, is creating the “world’s largest” AI information middle industrial park referred to as “Surprise Valley” (little question a nod to his “Mr. Great” nickname) in North West Alberta, Canada.
So how can an entrepreneur stand out in a crowded AI area?
“I feel one of many massive startup alternatives being neglected proper now could be coaching folks on AI,” O’Leary mentioned on Instagram, including that entrepreneurs shouldn’t ignore the service enterprise business when seeking to begin a enterprise.
“AI has such nice potential, [but] most individuals do not know methods to use it, that is the important thing,” O’Leary mentioned.
Associated: 91 Service Enterprise Concepts to Begin In the present day
In accordance with Certainly, a service enterprise is an organization that performs duties for the good thing about its prospects, together with “transportation, cleansing, touring, hospitality, upkeep or consulting.” These companies promote a service, quite than a product.
O’Leary mentioned that if a service enterprise can take “the ache level out of somebody’s studying time,” then it may be very profitable. On this case, getting somebody “to really use AI” could be a enterprise win, he mentioned.
“Service companies could make a ton of cash if they’re efficient,” O’Leary mentioned.
In accordance with information printed in January 2024 from the U.S. Census Bureau, the estimated income for companies industries elevated virtually 10% within the two years prior.
“It is enormous,” O’Leary mentioned.
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