“Shark Tank” star Kevin O’Leary sees a whole lot of pitches from entrepreneurs, particularly in AI. And he is all in on the expertise — the enterprise capitalist announced in December that his agency, O’Leary Ventures, is growing the “world’s largest” AI information middle industrial park referred to as “Marvel Valley” (little question a nod to his “Mr. Fantastic” nickname) in North West Alberta, Canada.
So how can an entrepreneur stand out in a crowded AI area?
“I believe one of many huge startup alternatives being missed proper now’s training people on AI,” O’Leary said on Instagram, including that entrepreneurs mustn’t ignore the service enterprise business when seeking to begin a enterprise.
“AI has such nice potential, [but] most individuals do not know the way to use it, that is the important thing,” O’Leary mentioned.
Associated: 91 Service Business Ideas to Start Today
According to Indeed, a service enterprise is an organization that performs duties for the advantage of its clients, together with “transportation, cleansing, touring, hospitality, upkeep or consulting.” These companies promote a service, somewhat than a product.
O’Leary mentioned that if a service business can take “the ache level out of somebody’s studying time,” then it may be very profitable. On this case, getting somebody “to really use AI” could be a enterprise win, he mentioned.
“Service companies could make a ton of cash if they’re efficient,” O’Leary mentioned.
In line with information revealed in January 2024 from the U.S. Census Bureau, the estimated income for providers industries increased almost 10% within the two years prior.
“It is big,” O’Leary mentioned.
