In this episode of Wealth Made Simple, the team discuss the impact of artificial intelligence (AI) on businesses and wealth generation. They explore the different levels of AI, from narrow AI to generative AI, and how companies are already using automation and AI tools to enhance their operations and add value to their customers. 

KEY TAKEAWAYS

• AI is a powerful tool that can benefit businesses and individuals in various ways, including automation, data analysis, and streamlining processes.
• Companies that embrace AI and invest in the right technology can gain a competitive advantage and enhance their business operations.
• AI can provide access to a wealth of information and research, allowing individuals to learn about different industries and make informed decisions.
• The success of AI depends on the quality of data and the questions asked. Good data and specific, well-formulated questions lead to better results.

BEST MOMENTS

"What AI does is it gives you speed and to some extent, accuracy, which is obviously improving, and it gives you a higher level of outcome."

"If you ask, for example, what is a piece of paper? A piece of paper is an item that you buy from a shop. Well, I should have been more specific in my question."

"I can print off a grade A paper that's not gonna be a grade A paper. I can print off a grade A paper. That's easy. That doesn't take any work."

"AI is gonna be one of the first things I see in this world that has to be globally maintained and globally authenticated, globally policed."

"AI is a fantastic tool. Anyone can start at any one time, and you can use this to benefit your organization. And embrace it."

VALUABLE RESOURCES

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Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.