Hype Cycle Version 4 V2
TLDRThe Hype Cycle chart illustrates the pattern that new technologies, like AI, follow, affecting financial futures. Matt Lights, from Bot Builders, explains how understanding this cycle can lead to wealth. AI is currently at peak hype, but will soon decline as people struggle to see results. However, this is the 'Sweet Spot' to invest, as mass adoption will follow, making AI integral to life. Lights offers a free web class to teach how to capitalize on AI, promising no fluff and practical insights for business growth.
Takeaways
- 📈 The Hype Cycle is a chart that illustrates the pattern of adoption and maturity of new technologies, such as AI.
- 🗣️ Matt Lights, the founder of Bot Builders, emphasizes the importance of understanding the Hype Cycle to capitalize on AI trends.
- 📉 The hype around AI is currently at its peak, but Matt predicts it will soon begin to decline as the novelty wears off and the reality of implementation sets in.
- 🤔 People may start to get frustrated with AI tools like chat GPT if they don't see immediate results, leading to a decrease in hype.
- 🔄 Despite the decline in hype, Matt suggests that the true value and adoption of AI will eventually align, leading to mass adoption similar to personal computers and the internet.
- 💰 Matt believes that AI will create more wealth than the internet, and that the current hype is not reflective of the long-term financial potential of AI.
- 🚀 To succeed with AI, one must separate the hype from reality and focus on the underlying technology and its applications.
- 💡 The 'Sweet Spot' in the Hype Cycle is the point where the technology is mature enough to be leveraged for significant financial gain.
- 💼 Matt encourages viewers to not listen to the hype but to follow the money and see where major corporations are investing.
- 💡 He offers a free web class to educate people on how to get real results with AI and to understand the technology beyond the hype.
- 🎁 Attendees of the free web class will receive a free gift, demonstrating Matt's commitment to providing value beyond just information.
Q & A
What is the Hype Cycle and how does it relate to financial future?
-The Hype Cycle is a chart that illustrates the pattern that every new technology follows. Understanding this pattern can help you capitalize on the trends, potentially changing your financial future by investing wisely at the right time in the cycle.
Who is Matt Lights and what is his company?
-Matt Lights is the owner of Bot Builders, a company recognized as an Inc. 5000 winner. He has had major breakthroughs in business by understanding and playing the trend, as demonstrated by his experience with multiple tech companies.
What does the Hype Cycle graph represent in terms of time and visibility?
-The Hype Cycle graph has time on the axis and visibility or hype around a technology on the other axis. It shows how the level of public interest and media attention for a technology like AI changes over time.
According to Matt Lights, where is AI on the Hype Cycle currently?
-Matt Lights believes that AI is currently at the peak of the Hype Cycle, where the hype is in full effect and out of control. He suggests that based on his experience, the hype is about to slow down.
Why might the hype around AI start to decrease?
-The hype around AI might decrease because it will no longer be on the front page news, and as people start using AI tools without knowing how to get real results, they may become frustrated and give up, leading to a decline in public interest.
What does Matt Lights predict will happen to public opinion regarding AI in the future?
-Matt Lights predicts that public opinion will gradually turn around as the reality of AI starts to align with the hype. Eventually, AI will reach a period of mass adoption, becoming a part of everyday life like personal computers and the internet.
How does Matt Lights suggest one should take advantage of the AI trend?
-Matt Lights suggests separating the hype from reality and focusing on where the money is being created by the AI trend. He believes that by identifying the sweet spot in the Hype Cycle and taking the right actions, one can capitalize on the AI trend.
Why does Matt Lights believe AI is the biggest opportunity of our lifetime?
-Matt Lights believes AI is the biggest opportunity because of its potential to create wealth that surpasses even the internet. He cites Mark Cuban's prediction that the world's first trillionaire will be created by AI.
What does Matt Lights offer to help people get real results with AI?
-Matt Lights offers a free web class where he breaks down how to get real results with AI step by step. He also provides a free gift for attending the class.
What advice does Matt Lights give for those interested in the AI opportunity?
-Matt Lights advises to forget the hype, focus on business applications of AI, follow the money where billion-dollar corporations are investing, and not to require a lot of money or technical knowledge to make money with AI.
How can one join Matt Lights' free web class?
-To join Matt Lights' free web class, one should click on the provided button in the video transcript, which will take them to the class registration.
Outlines
📈 Understanding the AI Hype Cycle and Its Financial Impact
Matt Lights, the owner of bot Builders and an Ink 5000 winner, introduces the concept of the hype cycle and its relevance to the current state of artificial intelligence (AI). He explains that AI is currently at the peak of hype, which he predicts will soon decline as the novelty wears off and people struggle to see practical applications. However, Matt emphasizes that this is a temporary phase and that AI will eventually reach mass adoption, just like personal computers and the internet did before it. He suggests that understanding and capitalizing on this trend could lead to significant financial opportunities, potentially creating more wealth than the internet did. Matt invites viewers to a free web class to learn more about separating AI hype from reality and how to invest wisely in this emerging technology.
🚀 Embracing AI for Business Growth and Financial Success
In the closing paragraph, Matt Lights invites viewers to join him in embracing AI as a transformative business tool. He encourages them to disregard the hype and instead focus on the practical applications and financial potential of AI. Matt offers a free web class where he will provide step-by-step guidance on leveraging AI for business growth. He assures that the class will be informative and enjoyable, with no fluff or nonsense, and promises a free gift for attendees. Matt expresses his excitement to guide viewers on their journey to success with AI, whether they are already successful or just starting out.
Mindmap
Keywords
💡Hype Cycle
💡Artificial Intelligence (AI)
💡Matt Lights
💡Trend
💡Visibility
💡Mass Adoption
💡Separating Hype from Reality
💡Investment
💡Billionaire
💡Web Class
💡Business Opportunity
Highlights
The Hype Cycle illustrates the pattern that every new technology follows.
Understanding the Hype Cycle can influence financial decisions and opportunities.
Matt Lights, owner of Bot Builders, introduces the concept of the Hype Cycle.
The Hype Cycle has two axes: time and visibility or hype around a technology.
Artificial Intelligence (AI) is currently at its peak hype according to Matt Lights.
The hype around AI is expected to slow down as it moves from news to practical applications.
People may start to give up on AI due to frustration from not achieving expected results.
Public opinion on AI will eventually turn positive as reality aligns with hype.
AI is predicted to reach a period of mass adoption similar to personal computers and the internet.
Matt Lights suggests that separating hype from reality is key to capitalizing on AI trends.
The money created by AI is expected to grow continuously, unlike the fluctuating hype.
AI is considered a significant opportunity with the potential to create more wealth than the internet.
Most people will miss out on the wealth generated by AI due to listening to the hype.
Identifying the 'Sweet Spot' on the Hype Cycle is crucial for leveraging AI opportunities.
Matt Lights offers a free web class to teach how to get real results with AI.
Participants of the web class will receive a free gift for attending.
Matt Lights emphasizes the importance of being smart, following the money, and not listening to the hype.
Billion-dollar corporations are investing in AI, indicating a strong belief in its potential.
You don't need a lot of money or technical knowledge to make money with AI.
Matt Lights invites viewers to join him on a journey to grow their business with AI.