How Startups can Make Money from Artificial Intelligence
Are you looking for the top ways to make money from Artificial Intelligence that are NOT scams? You can make money from Artificial Intelligence in many ways. You can use machine learning open source tools, algorithms, libraries and datasets to earn money online by doing what you love.
In this article, we will share the best ways to make money online through freely available deep learning frameworks. The key for earning money from AI is to “Focus on the simple problems of AI and grow step-by-step”. Tech giants are shifting their focus from mobile devices to artificial intelligence.
No, it’s not just a thing of the movies, artificial intelligence systems are used today in medicine, robotics, remote sensors, and even in ATMs. This booming field of technology is one of the most exciting frontiers in science and this is the solid opportunity to make money.
1. Learn and Know the Present State of AI
We have all seen science-fiction movies which portray “robots” as being evil and harming others and now we are waiting to see Compassionate AI, which will help people to change the world for a better place to live. We are in the almost final stages in the growth of AI solutions and the next revolution of AI is compassionate AI.
Just spend an hour a day learning Machine Learning, by end of the year you will be among the top 15% expert in the world.
You must learn the boundaries of AI. In one end, it is the killer robots, what Elon Musk CEO of SpaceX, is talking about and in anther end, it is the Compassionate Superintelligence, the vision of the notable AI scientist, Dr. Amit Ray. You must also know the contribution of Geoffrey Hinton, Andrew Ng, Yann LeCun, and Ray Kurzweil.
2. Be an Online AI Teacher:
The current exponential technologies will make an enormous wealth. Learn the AI technologies from depth and then teach AI to others. Develop course materials and videos and sell them online at appropriate avenues.
3. Earn from Smartphone AI:
Try to develop simple new AI apps on smart phone and earn. New AI chatbots are gold mines to earn. The new AI apps in our smart phones are an incredible example of the power of AI to transform our society and as AI becomes a greater part of our everyday lives. We all know AI how have helped facebook to remove thousands of fake accounts and “suspicious behaviors.” We also know how the Siri platform of Apple remains behind the quality level of Google Assistant, which uses some of the same game-changing algorithms that power Google Translate and Google Image Search.
Hence, in the lower end you can develop chatbot frameworks for smartphones and at higher end you can develop machine learning engines.
4. Earn by Creating Massive AI Data:
Massive amounts of data are required to fuel AI and to train the algorithms that are part of AI solutions. Human intelligence grow by observing. Human have a lot of visual and auditory experiences. An AI system needs to learn the same way and be fed with videos and dynamic information. Wherever you are create massive AI data and sell that at high price. Big educational research institutes are ready to pay huge amount for big data. The key principles of AI solution is privacy, security, inclusiveness, fairness, reliability, transparency and accountability. The accuracy of the data is the sole power for money.
5. Join AI and Machine Learning Competitions:
Challenge yourself with real-world machine learning problems. Join the ML Competitions and earn money. Kaggle Competitions are very popular.
In summary, you will see an wave of value creation over the coming years resulting from artificial intelligence. You can focus on your strong areas and focus on the companies that are using these technologies to change the game and provide a materially improved experience for humanity.
Wish you all the best. Thanks!
Your claps and comments are most welcome!
