@marcusmoonstein242
The single biggest red flag is when the hustler tells you something like "it's amazingly easy" and "you can learn to do it in a few hours/days". Something that's so easy and fast that anybody can do it will end up being tried by everybody. Competition will then drive profits down to near zero. Just ask any Uber driver. What you want is actually the opposite of easy and fast. Businesses that are difficult to get into and slow to produce profits tend to be the most durable because there's less competition.
@hankjones3527
Anyone who DOES make an AI that can make money like that isn't going to put it on the internet for free. You'd keep it private and make money off it yourself.... or charge ludicrous fees to anyone who wants to use it.
@irvanray1898
what people really need to remember is that ChatGPT isn't some kind of magical AI that can create anything, it's just a very smart word generator.
@patmarek1222
The golden rule is: if it’s too easy, it’s a scam. The only people who make money of the AI craze is the folks selling courses.
@KeithAdam
I love the financial guru call outs… you’re one of the only real ones man
@benji9107
As a software engineer I can guarantee anyone they can't just use gpt to code them up a startup
@OculusGame
YouTube is so ironic, after this video ended it was about to autoplay a video about how to make $1k/day using AI and only your phone🤣
@zendera999
I’ll say one what ChatGPT excels is currently is simplifying workflows for people who are already skilled at something.
@bhavsarp90
This reminds me of the famous California gold rush story. The people who got rich were not the ones who ever found gold but it was the ones who sold the tools for digging. Same thing here but different flavours.
@jasonhink226
Well to be fair, if you make those kinds of videos and get millions of views, chat GPT does technically make you money
@cassidynoble5466
I dabbled with ChatGPT to assist in script writing for a non-fiction podcast. The software is a master at making things 'sound' accurate, but any deeper research shows that everything it wrote was incorrect. Example: 'give me the accomplishments of X chess player'. 'This player won Y tournament', if you look at the standings, they participated in that tournament but did not win. It doubled my work to research everything it wrote.
@averagewhiteguy2
I wish YouTube would crack down on those types of finance YouTubers. 99% of YouTube finance channels are garbage, clickbait, and/or committing blatant fraud or other various crimes (saying it is not financial advice, and then giving financial advice without being licensed is still illegal for example). I do like the Plain Bagel and Patrick Boyle for example since they are very clearly different from those types. That's the 1% of finance YouTubers that should be allowed.
@jessefraser9826
The problem with easy AI is that humans value stuff that is difficult. AI-generated stuff has essentially has no value as no effort was required to produce.
@clif-ue3wu
I actually use chatGPT for my software engineering position pretty often, but it's output is so subpar. You can basically use the AI for creating the basic layout for the program. Further than that, you need to study on your own.
@Tokoroa3420
As an actual subject matter expert with stats degrees and who actually went to real AI conferences for years, I can assure you that there are only a handful of people in the world who can be taken seriously talking about LLM and none of them have TikTok or youtube accounts that present you get rich schemes.
@dr.palsonp.h.d815
Im glad you addressed this, I see these videos all the time with millions of views
@taylanhoca
TLDR; If something is easy to create and everyone can do, it always becomes worthless after a while.
@luisfilipe2023
“Nothing is ever easy guaranteed and profitable at the same time because if something was everyone would start doing it and it would cease to be easy or guaranteed or profitable” words important to remember when entering any business or trying to make money online
@Poopoocachoo