Generative AI is the new crypto!

First Mark venture capitalist Matt Turck captured that meme on LinkedIn recently. He meant that VCs fleeing losses in Bitcoin will target Generative AI as the “next big thing.”

You can understand the excitement by trying it out. Artificial Intelligence programs that generate text and images are improving at an astonishing pace.

I played around with Jasper.ai’s text generation and the jaw-dropping part isn’t how it transforms prompts into plain English sentences, but how it fills in the gaps with facts and data.

I plugged in this prompt:

“Five facts about the life of legendary investor Warren Buffett that made him successful”

As regular users of LinkedIn know, this is the kind of trope you see on the platform all the time. Buffett, along with Charlie Munger and Steve Jobs, are readership magnets.

Jasper finds and extracts facts about Buffett and weaves them into a structured narrative. It works very well for ANY topic or person who is famous or has been extensively written about.

This has enormous implications for writers.

You can draw your own conclusion by looking at the 482 word blog that Jasper.ai spit out using my prompt. It will make you wonder how many posts you’ve read were or could be written by AI. Here’s the post:

Blog Title: Five Fascinating Facts About the Life of Warren Buffett

Blog Introduction: Love him or hate him, there’s no denying that Warren Buffett is one of the most successful investors in history. With a net worth of over $85 billion, he is currently the third richest person in the world (behind only Jeff Bezos and Bill Gates). So, what is the secret to his success? Here are five fascinating facts about the life of Warren Buffett that offer some insight.

Buffett is a voracious reader.
As a child, Buffett was an avid reader and loved going to the library. He would frequently check out multiple books at a time and read them cover to cover. This love of reading has stayed with him throughout his life; according to his biographer, Buffett still spends several hours each day reading newspapers, annual reports, and other investment-related material.

Buffett had a paper route.
When he was just 11 years old, Buffett started working as a paperboy for The Omaha World-Herald. He delivered papers every morning before school and then again every evening after school and on weekends. This early job instilled in him a strong work ethic that has served him well throughout his career.

Buffett is thrifty.
Despite being one of the richest people in the world, Buffett lives relatively modestly. He has never bought a new car and still lives in the same house he purchased back in 1958 for just $31,500. His frugality no doubt played a role in his success as an investor; after all, if you’re not willing to part with your hard-earned cash, you’re less likely to make impulsive investments that could cost you dearly down the road.

Buffett is patient.
One trait that has served Buffett well throughout his investing career is his patience. He famously avoided investing in technology stocks during the dotcom bubble because he didn’t understand them well enough; as we all know now, buying into those companies near their peak would have been a disastrous move. By waiting for the perfect opportunity—and having the discipline to walk away when it doesn’t arise—Buffett has been able to avoid making many costly mistakes over the years.

Buffett believes in giving back.
Finally, it’s worth noting that Buffett is an extremely generous philanthropist. He has pledged to give away over 99% of his wealth to charitable causes through programs like The Giving Pledge and The Gates Foundation Challenge Grant. In this way, he is ensuring that his legacy will be about more than just making money; it will be about making the world a better place, too.

Conclusion: All told, these five facts provide some valuable insights into what has made Warren Buffett so successful both as an investor and as a human being. While there’s no guarantee that following in his footsteps will lead you to similar levels of success, it’s certainly worth considering!