Everyday AI Podcast – An AI and ChatGPT Podcast - EP 299: Fixing the Unfixable with AI

Episode Date: June 21, 2024

Win a free year of ChatGPT or other prizes! Find out out.Jason Feifer says we should use AI to break things. Might sound abrupt. But it’s sound advice coming from one of the leading voices in entrep...reneurship and business. So how can we use AI to break things? We give a step-by-step guide.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode pageJoin the discussion: Ask Jordan and Jason questions on AI and innovationRelated Episodes:Ep 196: The Silent AI Productivity Killer – Why companies can’t fully leverage AIEp 216: How to stand out in a world filled with AI startups – Insights from Taplio CTOUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: info@youreverydayai.comConnect with Jordan on LinkedInTimestamps:01:30 About Jason and Entrepreneur Magazine03:15 Break things that are already broken - what it means09:20 Questioning familiar systems, seeking improvement through change.11:18 AI tools streamline tasks, freeing time.14:46 First interactions with AI18:15 AI opportunities and caution in market focus.20:23 Develop systems for desired outcomes, AI's role.25:31 Belief in fixed work, worker ratio fallacy.26:37 New technology leads to economic shifts and innovations.30:46 Adapt to change for future job fulfillment.Topics Covered in This Episode:1. AI's Impact on Traditional Business Processes2. Viewpoints on Business and AI3. Future of AI in Business and Everyday Life4. Jason Feifer's Stance on AI and its Potential for Transformation5. Impact of AI on Media IndustryKeywords:AI, Jordan Wilson, Jason Feifer, antiquated business processes, challenging systems, property managers, generative AI, newsletters, business growth, creative expression, DALL E, Fathom, AI in business, consumer problems, Gartner hype cycle, microwaves, tech layoffs, entrepreneurship in AI, Entrepreneur Magazine, Jason Pfeifer, law, academia, student learning, AI advicSend Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist. 

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Starting point is 00:00:00 This is the Everyday AI Show, the Everyday Podcast where we simplify AI and bring its power to your fingertips. Listen daily for practical advice to boost your career, business, and everyday life. Meet Firefly AI Assistant, now live and Adobe Firefly, the All In One Creative AI Studio. Just describe what you want to create and the assistant handles the rest, orchestrating multi-step workflows across Photoshop, Premiere Express, and more in one conversational interface. You direct the outcome. The assistant accelerates execution. Should we be breaking things with AI?
Starting point is 00:00:49 Well, our guest today thinks it's a good idea. And I think I'm probably going to agree with him. So we're going to talk today about how and maybe why you should break things that are already broken and how artificial intelligence could help us rethink how we operate our businesses. All right. I'm excited for today's conversation. And thank you for joining us. My name's Jordan Wilson.
Starting point is 00:01:11 If you're new here, welcome to Everyday AI. This is a daily live stream, podcast, and free daily newsletter, helping everyday people like you and me, not just learn what's going on in the world of AI, but how we can all actually leverage it to grow our careers and to grow our businesses. So as a reminder, if you are joining us on the podcast, thank you. As always, check out your show notes, the description in there.
Starting point is 00:01:34 We have a lot of additional resources for today's show. If you're joining us live, don't worry. It's technically a pre-recorded. Don't worry about that. You know, with going 7.30 a.m. Central Standard Time. We can't bring all the smartest guests in the world on live at that time. I'll still be there live hanging out in the comment. So please, if you do have questions, get them in now.
Starting point is 00:01:53 I'll be interacting. But enough about that. Let's talk about how we can break things, right? I love breaking things with AI. So I'm excited to have this conversation. And let's do this. Let's go ahead and bring on and welcome on to the show. There we go.
Starting point is 00:02:08 Jason Pfeiffer, who is the editor-in-chief of Antoine, entrepreneur magazine, author, speaker, startup advisor, everything. Jason, thank you so much for joining the show. Hey, Jordan, thanks for having me. I appreciate it. And hey, everybody, I'm sorry I can't be there with you live. But as you watch this right now, I will be transporting my children to school. That is the reason we had to pre-record this. But you can always reach out to me and I will respond. I love it. Also, seeing into the future. That's what we're going to be doing on today's show, right? talking about how we can stand to the future with AI and maybe break things. Before we get there, Jason, I'm sure, like, if you follow business building,
Starting point is 00:02:45 if you follow entrepreneurship, you definitely know Jason. But maybe for those of you that don't, Jason, just tell everyone a little bit about what you do at Entrepreneur Magazine and some of the other ventures that you're involved in, because I know your hand is all in the business building world. Yeah, I appreciate that. I'll keep it real brief. So I'm the editor-in-chief of Entrepreneur Magazine. That means that I oversee all the editorial.
Starting point is 00:03:07 for the brand and I'm the guy out in front of the cameras talking to people. And I absolutely love it because the thing that I love most and more than anything else is just talking with and working with entrepreneurs. I think the entrepreneurs are at their heart problem solvers. They are incredible creative thinkers. They often feel alone in what they're doing, even though they're all doing the same thing together. And my job, as I see it, is to recognize patterns to bring people together, to have important conversations, and to bring us all into a space where we can solve problems together. And that is definitely what we're doing here on AI. I love it. And maybe let's start at the top, right? Let's start. So what does it mean, Jason,
Starting point is 00:03:51 to break things that are already broken? Yeah. So this is a phrase I came up with that came out of a moment in which I was standing in front of a bunch of lawyers. One of the things I do is, I travel around, I do a lot of corporate speaking. So a law firm had hired me to speak at their convention. And out of this experience came concept that I call break things that are already broken, which I think is how we need to understand AI and the opportunity that we have. So let me tell it to you really briefly. I was on stage. I give this talk about how to manage and navigate change. That's my subject area. And afterwards, we got to Q&A. And, And all of these lawyers start asking me questions about chat GPT.
Starting point is 00:04:40 And I didn't expect that, frankly, from a bunch of lawyers. And so afterwards, I found the CEO of this law firm. And I said, you know, it was so interesting that all of your lawyers are so focused on chat GPT. And he said, I'll tell you what they're thinking, but they wouldn't have said out loud. What they're thinking is that chat GPT or something like it can make motion writing more efficient. And lawyers work on billable hours. So if their work becomes more efficient, then they're not able to bill as much. And that's what they're concerned about. And I said, well, that's fantastic, right? And not in a anti-lawyer way, but in a who likes billable hours,
Starting point is 00:05:26 kind of, who likes billable hours? If we were all together in a room right now and I said, raise your hand, if you like billable hours, no hands would go up because it is an awful detestable way to pay for an incredibly expensive important legal service. I mean, a professional service. It doesn't make sense that you would be paying your lawyer on the seven minute mark to respond to some emails. But that's what we've had. Why? Because that's what we've had forever. And there was never an incentive for a law firm to say, you know what? I have a different way of doing it. There was really no reason why anybody would do that. It would feel too risky. But now, but now, AI is going to break this thing that is already broken.
Starting point is 00:06:10 You know, when something breaks in our homes, we throw it away. When something breaks in our lives and our businesses, we tend to keep it. Why? Because it's just too scary to come up with something new. So here we have this opportunity, this opportunity to say this thing that we have, it does not work. It has not worked for a long time. We will finally break it because at this point, it doesn't work at all.
Starting point is 00:06:34 and somebody, somebody is going to be incentivized to come up with a system that actually works for now. That's what I mean to break something that's already broken. That's what I said to the law firm CEO. And he said to me, that is exactly why we just hired a head of AI. And then he laid out an interesting scenario for me. The interesting scenario goes like this. He says, okay, imagine that we do start using chat GPT or something to write motions and that work does become more efficient. Do I start laying off all my lawyers? No, because now I have an ability to provide legal services
Starting point is 00:07:10 at a fraction of the cost that it used to be. And therefore, that actually expands my marketplace because right now I can only serve clients that can afford our very high legal fees. But what if instead now I'm able to customize offerings for people who have smaller budgets? This expands my market reach. This maybe is a reason to hire even more lawyers. This doesn't shrink the business. This grows the business. That's what he saw.
Starting point is 00:07:38 And I have found that as I apply this idea of breaking things that are already broken to every arena where I am hearing concerns about how AI is disruptive, I'm seeing it. Jordan, I'll give you one more example. I know I've been talking for a while. But I have friends who are professors in academia. and they're concerned that chat GPT is now going to be used by is going to be used, is being used by the students to write their essays. And they're very concerned about that, to which I say, fantastic, because student essays were always a terrible way of assessing whether or not students absorbed information.
Starting point is 00:08:18 It was always bad, always. You, Jordan, I guarantee you cheated on tests. I did. And I'm a professional writer. I cheated on so many of those essays. And that was back in the 90s. There is no reason why this is still around, except that nobody had been incentivized to introduce a different system.
Starting point is 00:08:37 We will now break something that is already broken, and then we can build something better. I love it. Yeah, actually, Jason, I just wrote other people's essays. I think I was this slower precursor to chat GPT. Yeah, we're expensive. Yeah. Hey, you did it for free.
Starting point is 00:08:53 You know, back in those. days, you know, it wasn't worth a lot. But, you know, I was smiling when you were talking about, like, who doesn't, you know, like who, who doesn't hate billable hours, right? Like, I would, I have some friends who are lawyers who love billable hours. But, you know, it, it like reminded me when when I was hiring a new lawyer for everyday AI, one of the first questions I asked different lawyers as I was interviewing them is, how do you use AI, right? Like, obviously, I'm a big proponent and I wanted to hear it. But it almost seems like this, this concept that you're talking about, you know, breaking things that are already broken, do you feel that ultimately AI is going to start exposing
Starting point is 00:09:31 just these antiquated business processes just across, you know, across the United States economy? Is this going to be what kind of, you know, shines a light on this, this bad habit of just doing things the way they've always been done for the sake of doing them for the way they've always been done? I think it's entirely possible. And look, I want to, I want to, before I fully answer that question, I want to nod. to that breaking things isn't always easy and it isn't always good. We shouldn't just go around smashing things just to smash them. I know that that is a tenant of Silicon Valley that people
Starting point is 00:10:07 really hate is just this feeling that there's a better way to do everything and that means that everything that came before it is stupid. That's not what I'm saying. But what I am saying is that when systems that we're familiar with are challenged, it's important to step back and say, am I being protective of this system because it perfectly operates or just because it's what I happen to be familiar with? And if it's because it's what I happen to be familiar with, then it's worth examining, well, what are the downsides to this? What are the things that don't work? And is there an opportunity to break this thing that is not perfect and then reassemble something that takes the best parts of what I used to do and marries it to some new ways of doing things that
Starting point is 00:10:48 enable me to improve the work that I do. So here's a great example. I spoke last year at a customer conference for a company called AppFOLio. AppFOLio makes software that helps property managers manage their properties. And so if you own or you manage a large apartment building, then you might use AppFOLio software to help manage everything. So they did a survey of their property manager customers. And in that survey, they asked them, what is the part of your job that you hate the most? And the answer is, as you might expect, data entry and all this kind of very tedious management stuff. What's the part of your work that you love, they asked?
Starting point is 00:11:41 And the answer was people, working with people, working with tenants, helping solve problems, building relationships. This is the stuff that they love. Now, their line of work requires a balance of both. And every time that they have to spend an hour doing data entry is an hour that they have to steal from engaging with people. And when you introduced new AI tools, which is exactly what they did when I was at their customer conference, they were rolling out all sorts of really interesting
Starting point is 00:12:11 AI tools. Simple stuff like, for example, let's say that the elevator in the building breaks. Well, they can now have the property manager immediately, very quickly, with using generative AI draft a email about that and then have it sent in everybody's native language. So you don't have to now kind of figure out how to write them in multiple languages and translate it in the figure out, it automatically does that. And that takes so much tedious time away, that allows people to shift the time away from the tedious tasks towards what I think will be more valuable tasks. It's not like we just eliminate work. We don't do that. It's not like this work becomes more efficient and therefore these property
Starting point is 00:13:02 managers have nothing to do. What will happen instead is that they will fill that time with more value because we are value-driven creatures. We innovate. We grow. That's how we serve ourselves and we serve our communities. And so I believe that when these property managers are liberated from doing all the tedious work, they'll start to build even stronger relationships with tenants. They'll start to be around and be more accessible.
Starting point is 00:13:28 That leads to stronger growth for that community because now maybe the tenants are happier to stay longer because they feel like the property manager really understands them and is taking care of them. That's better for the bottom line of the business. This is the kind of stuff that I'm seeing and that I'm talking about. It's not to say that there aren't situations where that kind of shift is going to be more disruptive, but I think we need to be open to the reality that the thing that it's disrupting wasn't perfect to begin with. You know, and that was literally a fantastic example of businesses and startups using AI. And actually, hey, make sure everyone check out your show notes because we did have a cat all day, the head of AI from Appfolio on.
Starting point is 00:14:10 Oh, funny. Yeah, if you're interested in more of the stories on how they're using it, yeah, make sure to check out that episode in the show notes as well. You know, Jason, one thing you said there is talking about this concept of value, right? And everyone values something different. But it's also how we grow, right? Like, depending on what you value, you will probably use that to grow or you'll grow in that direction. So I'm curious. How are you personally even using generative AI to grow or are you?
Starting point is 00:14:36 Like, what's your own experience been like? So at the beginning of the generative AI boom, which wasn't that long ago, at least as far as we're talking about kind of mass access to it. I'll be honest, what I heard primarily was a lot of predictions. Oh, AI is going to change this. Everything's going to be done by AI now. And I always tune that stuff out because if it's one thing that human beings are truly, truly terrible at, it is predicting the future. We're just awful at it. And so I'm not all that interested in people's prognostication because it's generally always wrong.
Starting point is 00:15:13 So I had tuned that stuff out. I played around with chat GPT. I found it interesting, but not all that immediately useful for me. And the image generation with things like Dolly and Mid Journey was cool. And I did find, I found one immediate application, which is that. I write this newsletter, which you can see right there down below. So it's called One Thing Better, Each Week, one way to be more successful and satisfied at work and build a career or company you love. And I wasn't sure what to do about the art at the top of it.
Starting point is 00:15:43 And I started playing around with Dolly and realized that if I typed in one line drawing of, is a one line drawing of a person trying to enter a door, one line drawing of a person trying to climb them out. one line drawing of a person trying to climb a mountain. These things that are kind of broadly representative of the things that I'm writing about, that it would produce this kind of wonderful, simple style that fit really nicely with the tone of what I was writing about and the way in which I was trying to focus on the one thing. And so that has now become the illustrator for my newsletter. And I don't feel like that's taking work away from human illustrators, by the way,
Starting point is 00:16:17 because I don't have the budget to pay a real person to do that. So I don't know what I would have done. I probably would have used stock photography, which was boring. So instead I'm adding value and I'm not taking away value. Now, oh, are you bringing, are you bringing something up here? Yeah, there we go. There we go. That's it, right?
Starting point is 00:16:33 That's the one you're referencing there. It's a drawing done by in Dali. That's right. And then I get to have fun with it. So if you scroll down a little further, so this newsletter is about how to build your network. So at the start, I have that one there. And then I have a metaphor right there about, no, no, no, go by, stay on the TV. That's why I wanted you to go to.
Starting point is 00:16:52 So then I have a metaphor about how I think about, my life in terms of TV seasons and people are characters and TV. And so, you know, then I took, I did that myself manually on Canva. It took just a second, but I took this dolly drawing and then I used it in my own context and I do a lot of that and I play around. It's really, really fun. But I've been slowly exploring other tools. The other one that I really love is AI note-taking inside of meetings. I use Fathom. That's not the only one out there, obviously, but it's the one that just somebody introduced me to and I tried and I'm very, very impressed with. And so these things here save me time.
Starting point is 00:17:29 They allow me to focus more on the things that actually matter, right? So if I'm in a meeting, I don't have to worry about taking notes anymore, which means that I get to engage more clearly with the person I'm talking to, which is a more important task. And here, the newsletter, they have to think less about the art for the newsletter. I know I can take care of it in about a minute with Dolly. And so that means that I have more time to spend on the thing that really matters, which is the writing of the newsletter.
Starting point is 00:17:54 And these are the kinds of things that excite me about my own personal work. Yeah, I think that right there is such an important takeaway for people is to, you know, shrink away the mundane and to be able to focus on the meaningful. And Jason, I'm sure you've like, I mean, if you've read anything in Entrepreneur Magazine, you know, Jason is interviewing some of the smartest people in the world, some people using AI, some people not. But I'm curious, you know, how has the conversation shifted? around AI. And do you think that maybe, you know, entrepreneurs or business leaders are trying to
Starting point is 00:18:29 force it in too much? You know, everyone's just trying to, you know, sprinkle AI into everything, maybe to raise more money. Like, how has the conversation changed? And what are you starting to see just from, you know, being so connected in the business world and into entrepreneurship circles? So it's a great question because we have to be really careful about the things that we're looking at. I think that there are companies that are genuinely identifying new opportunities using AI that are going to increase value for and save time for and make better the work that their clients and their customers do. I think there are also a lot of people who just feel a tremendous pressure to say that they have some kind of AI product and they're rushing something to market and it's maybe not all that thoughtful or useful.
Starting point is 00:19:17 And that isn't just an AI problem. That is an everything problem. We saw it to a lesser degree because I think that the value proposition was less clear, but we saw it to a lesser degree with Web 3 like a year ago. And you just see these kinds of things constantly crop up. And I think that that's fine because the market ultimately shakes it out. And it's true that also I'm sure a lot of venture capital firms, the Andresen Horowitz's of the world are probably seeing,
Starting point is 00:19:47 an absolute rash of startups that are AI-oriented that are looking for funding and that the driving force behind some of those startups was simply that they assumed that there's a lot of venture money out there for AI. And so why don't we go put together something AI-oriented? And again, I think that the market shakes that out. As a consumer, you have to be focused on what is genuinely going to be useful to you. And as an entrepreneur, I think you need to be very focused on how are you ultimately solving the problems of your consumer. That's where you really need to live. And if you understand what your consumer's problems are, and most importantly, the outcome that they want because of your solutions, so for example, at, at property managers,
Starting point is 00:20:38 property managers are not waking up every day and just saying, you know, what I really want are AI tools. That's not what they care about. What they care about is the outcome. What they care about is What I really want is to be able to spend more time with my tenants. Ah, okay, so let's work backwards from that. Let's work backwards from outcome. If that's what they want, then how can we start to develop systems and tools that are going to enable them to get that outcome? And does AI play a real, real role in that? I think sometimes the answer is yes.
Starting point is 00:21:06 Sometimes the answer is no. We're so early days. And, you know, as you know, and I'm sure you've probably talked about on this show a million times, you know, the very famous Gartner hype cycle, goes like, you know, there's some new thing that's introduced and we go up very quickly where it's very hyped and everybody's talking about how this thing is going to change everything. And then of course it doesn't change everything because nothing changes everything, which then leads to this crash where people say, oh, well, this thing was stupid and it doesn't change.
Starting point is 00:21:33 And then finally, finally, we kind of curve back upwards and we get to the place where it actually has tangible, very real value in the right use cases. And that's the thing that people need to understand. like to equate AI to a microwave. So a microwave is incredible technology. Let us stand for a moment in appreciation of the absolute radical innovation that is a microwave. It is a box. It sure did. It's a box in your kitchen that heats things up through magic. Right. That's what it is. Try to explain a microwave to someone who lived 100 years ago. It's crazy. But just because it's a technology does not mean that you make everything in the microwave. You don't make gourmet meals
Starting point is 00:22:21 in the microwave. You don't cook everything that you make at home in the microwave. It has specific use cases. And during the lifespan of the microwave or the life cycle of a mic, we have experimented. Does this belong in the microwave? Do we make this in the microwave? And we've, you know, as a culture decided these are the things that are good in the microwave. These are the things that are bad in the microwave. The same exact thing is happening in conversation right now. But AI, I find it very, very interesting and exciting. And I think that if you and I spoke in five years, the way that people understood AI and the purpose of it in their lives and in their businesses would be very different than it is today. Adobe just introduced an entirely new way to create,
Starting point is 00:23:06 bringing the power and precision of its creative suite into one conversational experience. Meet Firefly AI Assistant, now live in the Adobe Firefly app, the all-in-one creative AI studio. Powered by Adobe's creative agent, Firefly AI assistant lets you start with your vision, just describe what you want, and shape the outcome as it takes form with the assistant. The assistant orchestrates multi-step workflows, drawing on 60 plus pro-grade tools across Adobe Creative Cloud apps, including Photoshop, Illustrator, Premiere, Lightroom Express, and more to help bring your ideas to life. You can also get started with creative skills, a growing library of pre-built workflows for
Starting point is 00:23:47 common creative tasks like batch editing photos, creating mood boards, portrait retouching, and creating social variations. Every step the assistant takes is visible so you can refine, redirect, or take over at any time. You stay in the driver's seat as the creative director. Adobe Firefly AI assistant now in public beta. See it today at firefly.adopi.com. Can we all disagree, though, that pizza's not best in the microwave? I don't know what it is, but people putting pizza on the
Starting point is 00:24:21 microwave, I just don't get it. I'm just more of a toaster oven guy. That's fair. That's fair. My counter argument would just be time. If I've got one minute to eat that pizza, then the microwave is where it has. That's true. You know, desperate times. Yeah. You know, Jason, so one thing, I have a hot take here. Sure. It's been on my mind for a while. And, you know, I know a lot of times people don't like to talk about AI and job displacement, right? We just talked about this with the CEO of AI for good. But one thing is we've seen so far in 2024, a lot of tech layoffs, maybe a lot more than people were prepared for given the overall positive state of the economy.
Starting point is 00:25:04 I've always thought, okay, this is going to be the signal or the rise of the entrepreneur, right? When you have these brilliant minds in tech, you know, the ones that are working at, you know, trillion-dollar companies and multi-billion-dollar companies getting laid off. And these are, in some cases, the people who are helping build and implement generative AI. Do you see a scenario where over the next six, 12, 18 months, you see these kind of like a perfect storm of this AI and in entrepreneurship and these companies, you know, think of like an anthropropic, you know, going from from zero to 100 so quickly? Do you think that that has the potential to be happening just with all of these different circumstances brewing? So I want to address that in two to three different ways.
Starting point is 00:25:54 Number one, let's talk about economics. Number two, let's use media as an interesting example of disruption. Because it's important to talk about this. We have so far just had a very positive-minded conversation about AI. AI is not the only driver, but is certainly a driving force of large disruptions. it's happening now across industries. And that is going to lead to changes. And some of those changes are going to result in things like job losses.
Starting point is 00:26:26 It will happen. It is happening. And so I don't want to be cavalier and say that every change is just net good. I do believe that over the long term, change generally is net good. But in the short term, I understand that if you got laid off, it doesn't feel net good. And it may not feel not good for a while. So it's important to recognize that. Look, let's talk economics for a second, though.
Starting point is 00:26:56 There's a great economic theory called the lump of labor fallacy. And the lump of labor fallacy challenges a fallacy called lump of labor. Lump of labor is the idea that there is a fixed lump of labor, imagine a fixed lump of labor, a fixed amount of people to do work and a fixed amount of work to be done. That's the belief. And that is often the operating principle that people have when they're concerned about disruptions in a labor economy. So if you believed that there is a fixed number of people to do work and a fixed amount of work to be done, then you would be very concerned when technology starts to, for example, do some of the work that humans were doing because that now reduces the amount of work to be done, but you have the same number of people doing the work. or if immigrants are added to an economy, because now you have a fixed amount of work to be done, but more workers, because more people have been added.
Starting point is 00:27:58 These are the driving concerns that people often have. The reason that it's called the lump of labor fallacy, though, is because there is not a fixed amount of work to be done, and there are not a fixed number of people to do the work. In immigration, for example, it's been shown over and over and over again, that immigrants don't. don't take jobs from people. And the reason for that is because they are also consumers. They're not just workers. So they come and they need to also consume. They need to buy things.
Starting point is 00:28:24 They create a larger economy. And then also the same is true for technology. That when new technologies are introduced, even automated technologies, what we end up with isn't a reduction in work to do. What we end up with is a shift in the work to do. So a classic example from early parts of American history is that once, farming in the 1800s became more automated, there was a disruption in that there weren't as many jobs for farmers anymore,
Starting point is 00:28:56 but because people were now able to earn more money more efficiently, and also food became cheaper because it was becoming more automated, there was now suddenly more money for a certain number of people to spend. And therefore, an entire leisure economy developed to serve those people. The reason why we have entertainment, the reason why you and I are able to do the thing that we're doing right now,
Starting point is 00:29:24 which is functionally to inform and entertain people, the reason why we have professional sports, the reason why we have movie theaters, all came out of that shift in economy where suddenly because people didn't have to farm anymore, they had other ways to spend their money, and people created new products and services for people to spend that money on.
Starting point is 00:29:43 That's what happens. And that's what has always happened throughout history is that we don't just eliminate jobs. We shift them and we create entirely new industries and economies that serve new needs. You see this very interestingly now in a nice little microcosm way in the way in which kiosks are being added to ordering kiosks or being added to fast food restaurants. So you would think, for example, that if you put a bunch of kiosks into a McDonald's, then you just lay off a ton of. of people who are at the front of the house who are running the cash registers. But that actually turns out to not be the case because what happens is that once you have the kiosks in, ordering becomes more efficient, which means that order volume actually goes up. And then also you add in the ability for people to customize their orders, which means that making the food becomes more complex. So you don't actually really get to eliminate your staff. What you do is you shift your staff, where there now has to be more people in the back making more food, and also you need more people who are cleaning because there are more people
Starting point is 00:30:43 who are coming through on a regular basis. So again, you're not reducing work. You're actually just shifting the work. So that's something to think about. But that doesn't mean, of course, that those transitions don't happen and that people don't lose their jobs and that they need to be reskilled. And all of that is very, very hard. I want to acknowledge that. Very, very hard for individual people. But now let's talk about what happens as a result of that. I work in media. Media is under siege, worse than tech, right? At least tech has a lot of money coming through it. Media has considerably less. I don't worry about this. I really don't. And the reason for that is because when I look around in my industry of media,
Starting point is 00:31:23 what I see is an industry that at this point has been built largely on economic opportunities that are shifting. So why do we have the number of digital publishers that we have? Why is there a million digital publishers out there. The reason was because there was a great golden age in which traffic was easy to get, and Google and Facebook and the like were just pumping new viewers into these digital publishers, and entrepreneurs realized there was money to be made in creating efficient digital publishing models. Now that is changing. And as a result, a bunch of those publications are going away, but I would argue that a lot of those publications weren't all that additive anyway. You don't need five million stories.
Starting point is 00:32:05 about the same thing that Elon Musk did. If Elon Musk farts in the woods, you have a bazillion publications writing the same exact story about it. That's not useful. That's just people taking advantage of an economic opportunity that happens to be shrinking.
Starting point is 00:32:20 So will these sites go away? A lot of them? Yeah, they will. And will those generally very young, fresh out of college, underpaid writers have to find other things to do in different ways to develop their skills?
Starting point is 00:32:31 Yes. But I would also argue that a lot of them aren't developing great skills being aggregators for the internet anyway, and that this change will lead them to more fulfilling, more long-term jobs. Just because something exists doesn't mean that it should or can exist forever. It exists in a certain period of time based on economic opportunity of that time. And then we're going to move on to other times. We're going to find more economic opportunity. You and I, Jordan, were in a moment of shift right now, and we're going to
Starting point is 00:32:58 see a lot of that shift. And some of that shift is going to be scary, and it very well could impact me, and it hasn't in already many ways, and it impact you, and it's going to impact the people who are watching this. Our job isn't to figure out how to hold onto the thing that we used to have. Our job is to figure out how to be useful in the next phase of growth. I don't know how. You must have a background in telling stories or something,
Starting point is 00:33:22 because somehow you gave a perfect three-tiered response to a very complex question, sprinkled in with stories, and made it all made sense and made us all that much smarter. So we can't keep this conversation going forever because I would want to talk to you just for three hours about the economic impact. I could dork out on that. But I mean, we've covered a lot of things. So I mean, we've talked about how AI can break things in a good way, you know, equating, you know, a microwave to kind of that, the black box of gen AI and kind of this, this lump of labor fallacy. So as we wrap up here, Jason, what is maybe your one piece of advice?
Starting point is 00:33:58 You know, there's a lot of, you know, entrepreneurs, business leaders, you know, tuning in. What's the one piece of advice that you have for people specifically maybe on how they can go use this AI, use different, you know, generative AI, tools, software, et cetera, to go break things, to go change the way that business has always been done. What's your one piece of advice? One piece of advice is this. Don't think about AI as special. It's not special. It's not.
Starting point is 00:34:25 It's just an incredible new tool. But throughout human history, we have always, everybody, everybody who has ever been alive has lived in a moment of an incredible new tool. And sometimes that tool was the printing press. And sometimes that tool was planes. And sometimes that tool were telephones.
Starting point is 00:34:46 And I seem to have frozen on my end. I don't know if I'm frozen over on yours. But now I'm back. And today it's AI. But ultimately, Ultimately, all of these great new tools were for the same purpose, and that was to serve genuine human need, to create economic and social and emotional opportunity for people. And if we can remain focused on that, if you can always be thinking, what do people need,
Starting point is 00:35:17 and how can I use the best available tools to deliver what they need? AI becomes possibly a very powerful tool for you to explore, and you should do that. But you have to start with them. Don't start with the AI. Don't start with, oh, well, this is amazing, so let me just make something with it. No, no, you're going to be, you're going to lose with that. It starts with what people's problems are. It starts with what people's needs are.
Starting point is 00:35:41 You start with them and you build a bridge from them to you. And that's how you win. We have the game plan. We can stop right now. Let's go. I love it. Hey, thank you. Thank you so much. So Jason Fyfer, editor-in-chief of Entrepreneur Magazine, Jason, thank you so much for joining the Everyday AI show. We really appreciate it. Hey, thanks for having me. And like I said, if anybody wants to reach out, you can find me on LinkedIn.
Starting point is 00:36:10 You can subscribe to my newsletter and respond to any of the emails that goes right to my inbox. Either way, I'd love to hear what you thought. Hey, speaking of that newsletter, make sure you sign up for yours, and then we will show you Jason's as well. Yeah, even we were referencing, you know, some of the cool art that he created within Dali. We'll be sharing, you know, a lot of that, you know, Jason's book, his podcast, everything in our newsletter. So make sure to go to your EverydayAI.com, sign it for that free daily newsletter. We'll be recapping today's conversation. And, you know, yeah, you're going to get your dose of fresh AI news as well.
Starting point is 00:36:41 So thank you for joining us. And we hope to see you back tomorrow and every day for more every day. Meet Firefly AI Assistant. Now live in Adobe Firefly, the Allman One Creative AI Studio. Just describe what you want to create in your own words and the assistant handles the rest, orchestrating multi-step workflows across Adobe Creative Cloud apps, including Photoshop, Premiere Express, and more in one conversational interface. You direct the outcome while the assistant accelerates execution.
Starting point is 00:37:12 Stand control with the ability to step in and refine at any time. See it today at firefly.adop.com. And that's a wrap for today's edition of Everyday AI. Thanks for joining us. If you enjoyed this episode, please subscribe and leave us a rating. It helps keep us going. For a little more AI magic, visit Your EverydayAI.com and sign up to our daily newsletter so you don't get left behind. Go break some barriers and we'll see you next time.

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