💰 How AI can make you money
💰 How AI can make you money
Photo by Alexander Grey on Unsplash
AI is helping people rake in some extra cash by giving them the tools to work faster and smarter.
Let’s talk about how it could help you.
Today’s agenda:
🤖 How ChatGPT is helping people make money
🧑💼 Hiring platform tips for small businesses
💰 Non-cash perks to boost retainment
💼 Briefly — our quick news roundup
⏱️ Up & coming
When life gives you AI…
👉 58% of U.S. adults are familiar with ChatGPT — but only 14% have tried it, according to Pew Research Center
👉 Americans are more likely to express concern than excitement about AI in daily life, a 2021 survey found
🏕️ Which camp are you in?
While many people have been debating AI, others have run full speed ahead — and have the time and money to prove it.
How to save time and make more money with AI
Via Business Insider:
A luxury real estate broker saves time by using ChatGPT to write the listings for each property — and AI’s use of SEO helped a property sell for 10% above the list price
A recruiter saves 10 hours per week using ChatGPT to pull together company criteria she can use to find candidates
An entrepreneur used ChatGPT Plus (the paid version) to create a Chrome extension that he sold for thousands of dollars
AI is a big deal
Nvidia, the tech company that manufactures the graphics processing units (GPUs) powering AI, became an almost-$1 trillion company last week following its impressive first-quarter earnings report and 26% stock surge.
The reason behind the boom? The surge in AI use, of course.
Hiring tips for small businesses
The best hiring platforms for small biz, from Entrepreneur:
LinkedIn: Major job board and social media platform for business professionals
Indeed: One of the largest job boards online, for a wider reach
UpWork: Best for finding freelancers and contractors
ZipRecruiter: Post job openings, screen candidates, and schedule interviews
Job sites can help you efficiently track and attract talent with a wider reach and helpful tools.
Again, it’s all about using the tools available to you in today’s digital climate.
Retention is about more than cash
Doesn’t everyone want more money at work?
Sure, but they need more for true sticking power.
🧑💼 It starts with leadership: Employees leave when they don’t feel like anyone cares — true leaders lead with care and compassion
🧘 Work-life balance: Flexibility is a must to accommodate a range of backgrounds, lifestyles, and goals, so offer what you’re able — whether that means leaving early on Fridays, starting later in the day, or hybrid schedules
❤️🩹 Health and wellness: This refers to burnout more than anything else — make sure you’re a source of support and solutions for your employees, rather than the source of their struggles
Responding to chronic complainers
We’re all about fairness here. Sometimes, it’s just not you — it’s them.
🗣️ Here are some tips for how to respond to even the most absurd complaints, from our friends at Harvard Business Review:
Get curious — ask questions to dig deeper, but if it feels like complaining for the sake of complaining, consider asking what the person hopes to achieve and how they would want you to help
Encourage constructive, solution-orientated complaints
If the employee has no desire to solve any problems, address their behavior
Gossip and complaining can be contagious among a group.
Addressing the complaints (instead of letting things fester) and helping employees turn their complaints into solutions can create a more positive environment for all.
Briefly
💸 First Republic Bank was paying some employees more than $10 million each prior to its collapse
🆘 The dollar’s status could be in danger from “several non-economic challenges,” according to economist Mohamed El-Erian
🤖 TikTok is testing Tako, a new AI chatbot that could “radically change” search and navigation
🏃 OpenAI may leave the EU if it’s unable to comply with the upcoming regulations
📛 WhatsApp, which currently only uses phone numbers to identify accounts, is working to introduce usernames to the platform
🧑✈️ Microsoft introduces an AI assistant for Windows 11 called Windows Copilot
Up & Coming
President Biden and House Speaker Kevin McCarthy reached an agreement on the debt ceiling, but now it’s up to Congress to pass it through.
The earliest the House can vote on the legislation is tomorrow, and then it’s off to the Senate.
Read what’s in the deal here.