Thinking about a liquidity event? Click here to book your FREE strategy call.
Oct. 18, 2023

AI Thought Leader Manuj Aggerwal Shares Everything You Need To Know About AI Today To Prosper Tomorrow (#274)

AI Thought Leader Manuj Aggerwal Shares Everything You Need To Know About AI Today To Prosper Tomorrow (#274)

“Don’t worry, everything will work out.” -Manuj Aggarwal

Jeffrey Feldberg and Manuj Aggarawal talk about all things Artificial Intelligence. Manuj shares his story and how he has been involved for nearly two decades.

Jeffrey and Manuj dispel many myths around AI. One myth is that AI will displace many jobs. Instead, Jeffrey and Manuj talk about how AI can ensure that existing employees are more productive. Through AI, a small team can have the response time of a large time with more in-depth information.

Manuj shares how to get the most out of AI through the type of language and questions asked in an AI chatbot. Manuj shares are number of success stories and strategies from the trenches to help you embrace AI and accelerate success.

Click here to subscribe to The Deep Wealth Podcast to save time and effort.

SELECTED LINKS FOR THIS EPISODE

www.ManujAggarwal.com

Bootstrapping Your Dreams Show Manuj Aggarwal

Manuj Aggarwal (@manujagro) / X

Manuj Aggarwal (@manujagro) • Instagram photos and videos

Manuj Aggarwal | Facebook

Manuj Aggarwal - YouTube

Manuj Aggarwal | LinkedIn

Manuj Aggarwal | AI & Startups (@manujagro) | TikTok

Cockroach Startups: What You Need To Know To Succeed And Prosper

FREE Deep Wealth eBook on Why You Suck At Selling Your Business And What You Can Do About It (Today)

Book Your FREE Deep Wealth Strategy Call

Resources To Have You Thrive And Prosper
The Deep Wealth Podcast helps you extract your business and personal deep wealth. You'll learn and master the foundational strategies in the Deep Wealth 9-step Roadmap. These are the same strategies that our co-founder, Jeffrey Feldberg, leveraged for his 9-figure exit.

Enroll in the 90-day Deep Wealth Mastery program to grow profits, increase the value of your business, and optimize your post-exit life. Send an e-mail to insights{at}deepwealth.com with the words "Deep Wealth" in the subject line for more information.

Click the link below to access the resources, gear, and books that either our guests or the Deep Wealth team leverage to increase success:

https://www.deepwealth.com/thrive

Contact Deep Wealth:

Help us pay it forward by leaving a review.

May you continue to thrive and prosper while remaining healthy ...

Hey there, did you enjoy the latest episodes of The Deep Wealth Podcast? I have a small favor to ask, and it could mean big things for you. 

Subscribe to The Deep Wealth Podcast and join us in changing the game for business owners like yourself. Subscribe now on your favorite podcast platform. By subscribing, you'll be ahead of the curve with insights from industry leaders, innovators, and disruptors shaping the business world. Whether you're commuting, at the gym, or unwinding, the Deep Wealth Podcast is your source for the next big idea that could take your business and health to new heights. Click on that subscribe button, stay inspired, and step into the future with us.

Also, have you considered leaving a review for The Deep Wealth Podcast? Your feedback fuels us to bring you top-notch guests and world-class content. Your insights are invaluable to us.

The Deep Wealth Podcast is proudly presented by our flagship 90-day Deep Wealth Mastery program.

Avoid the fatal mistake of assuming the skills that built your business are the same for your liquidity event. Up to 90% of liquidity events fail. Even worse, "successful" liquidity evens have business owners losing out on 50 to over 100% of the deal value. 

Why take that risk? 

Deep Wealth Mastery is here to boost your profits, enhance your business value, and arm you with strategies that guided our founders towards a 9-figure deal. From startup entrepreneurs to those edging towards billion-dollar revenue marks, our system is delivering real results.

Deep Wealth Mastery is a game-changer and the only program designed from our founders' 9-figure deal. 

Our graduates have had nothing but praise:

"I wish I had access to Deep Wealth Mastery before my liquidity event as it would have been extremely helpful. Deep Wealth Mastery exceeded my expectations in terms of content and quality," shared Stacey C.

"The investment I made in the Deep Wealth program pales in comparison to the value I've created and will receive in the future," said Sanjay S.

"A company that is attractive to sell is also a great one to own. The Deep Wealth Mastery program gives me the best of all worlds," voiced William S.

Subscribe to The Deep Wealth Podcast now and weigh in with your review. 

If you're ready to ignite your success journey with Deep Wealth Mastery, click here to email us to take the next step in securing your future.

Transcript

274 Manuj Aggarwal

Jeffrey Feldberg: [00:00:00] Welcome to the Deep Wealth Podcast where you learn how to extract your business and personal Deep Wealth. 

I'm your host Jeffrey Feldberg. 

This podcast is brought to you by Deep Wealth and the 90-day Deep Wealth Experience. 

When it comes to your business deep wealth, your exit or liquidity event is the most important financial decision of your life. 

But unfortunately, up to 90% of liquidity events fail. Think about all that time and your hard earned money wasted. 

Of the quote unquote "successful" liquidity events, most business owners leave 50% to over 100% of the deal value in the buyer's pocket and don't even know it. 

I should know. I said "no" to a seven-figure offer. And "yes" to mastering the art and the science of a liquidity event. [00:01:00] Two years later, I said "yes" to a different buyer with a nine figure deal. 

Are you thinking about an exit or liquidity event? 

Don't become a statistic and make the fatal mistake of believing the skills that built your business are the same ones to sell it. 

After all, how can you master something you've never done before? 

Let the 90-day Deep Wealth Experience and the 9-step roadmap of preparation help you capture the best deal instead of any deal. 

At the end of this episode, take a moment and hear from business owners like you, who went through the Deep Wealth Experience. 

Manujjj Aggarwal went from making $2 a day to the boardrooms of Fortune 500 companies as a business mentor. 

He now has four patents, two published books, and more than 180,000 students around the world. 

He has worked with multiple businesses, including Microsoft, Pearson, IBM, and many others. He even developed an AI-based system to help students avoid dropping outta degree [00:02:00] programs and was praised and mentioned by Barack Obama and Bill Gates.

He is the host of the Bootstrapping Your Dreams Podcast and is the founder of Tetra Noodle Technologies, which is a boutique big data consulting company that provides strategic insights and develops problem solving digital solutions for businesses of all sizes.

 Welcome to the Deep Wealth Podcast. And for all you listeners out there in Deep Wealth Land, some terrific news for today's episode. It's all about artificial intelligence, AI, and our guests, as you heard in the official introduction.

While AI may be new school, for most of us, this is old school, he's been involved for over. 15 years, a decade and a half, and he's here to share what's coming our way, what we should know. He's worked with some companies, you probably haven't heard of them. Some of the smaller companies like IBM and Microsoft and other companies, and you probably don't know, but we won't hold that against them.

Manujj, welcome to the Deep Wealth Podcast. An absolute pleasure to have you with us and Manujjia. I am curious, there's always a story [00:03:00] behind the story. What's your story inManujjj? What got you to where you are today?

Manuj Aggarwal: Sure. Well, thank you so much for having me, first of all, excited to be here. My story is uh, you know, I grew up in India working in a small town. Started my career at 15 and I started working in a factory for $2 a day. And that was a difficult period of life. Wanted to do something more with my life.

And I got inspired by reading some of the amazing stories of successful tycoons in business magazines. And I was like, if they can change their life, I can change my lives. And at that moment in time, it didn't mean much to me other than just like a pipe dream, but something shifted in my mind, which sort of pushed me.

Towards finding my passion for technology and programming and computers. So I just found myself immersed in programming. One of the reasons being computers don't talk back to you. You can just. Asked them to do whatever needs to be done, and they never argue. So [00:04:00] that was good. And yeah, so, this was back in 1998 I got my education in computers, like some job experience, and then I came to north America.

I got a job in programming very quickly. This was the.com boom time, and then I lost my job because of.com bust happened. Then I lost another job because of September 11th. Then another job because of Gulf War. So all of these things started to happen and then. Which forced me to sort of look at entrepreneurship as my career.

So I started a consulting company doing the same thing that I was doing for my employer, but helping out multiple startups multiple giant corporations, which you mentioned people may not have heard of like Microsoft and IBM and Pearson Education. And all of these things taught me, you know, like how business is done, how technology is made both at the smaller scale, at the largest scale during all this.

I was having a lot of challenges with my personal life. I was suicidal at one point [00:05:00] and what really got me out of that was meditation and spirituality and, understanding neuroscience, understanding the human mind. And so as I was getting deeper and deeper into artificial intelligence, I realized how AI is such a continuum to our mind.

Because once you understand how our mind works, how it recognizes patterns and how AI recognizes patterns and how this sort of interact with each other that was the light bulb moment in my mind that, if I can understand my mind and sort of get out of a suicidal thought process. If I can use AI to help people expand their vision for the world, or you do some impactful things, or even experience some meditative effects how impactful that be?

So that, was sort of, what led me to deep digging deeper and deeper and deeper into AI.

Jeffrey Feldberg: Well, quite the story. Manujjsh, thank you for being so open and vulnerable with us of some challenging times, even suicidal times for you that [00:06:00] you overcame, and here you are today. A success story, really a true success story from on the opposite end of low tech, in a low end Manujjfacturing, perhaps with a a bleak future.

And you just grab the dream, heard some things that inspired you, read some books, and off you go. And you're out there now leading the forefront. So Manujj, you've been with artificial intelligence for AI for quite some time, and it sounds like AI itself. Helped you get to a better place in your life, perhaps with your outlook, personal-wise, and business-wise.

So from a very big picture, for our listeners who perhaps have heard about it in the news, but haven't really become familiar with the technology, what big picture-wise, what can you share with 'em? What would you like them to know today about AI?

Manuj Aggarwal: See a few things. One is that, we have gone through technological revolutions before as well, so if people are old enough to remember in 1990. If I came to you and I said, Hey do you want a email address? Do you want a [00:07:00] website? And 95% of the people will say, what's the email address?

I don't think I need a website. Right. And it's the same situation again, where, AI is such a transformative technology. And a lot of people will say, it doesn't apply to me, but if I ask you if you're running a business, let's say tomorrow you get a new employee, he has passed the legal bar exam.

He or she and he or she has passed the medical exam. He or she has an mba. He or she has a PhD in history, his PhD in psychology. All of these qualifications, and this employee is willing to work for you for free. Never takes a day off available 24 7. How will that impact your business? That's the thing that has provided. If you start using AI, that is what you get. You get an employee who's all super intelligent, all knowing very creative. And now you can start to ask questions that you may always wonder, okay, [00:08:00] how can I solve this problem? What does my customer think?

 How do I engage my employees? Not only that, but let's say you are feeling. Not good today. You can even talk to AI and start sharing a little bit about what is going on and say what could be the reason so it's almost like talking to your counselor, talking to your friend not in a clinical format, but just understanding the world around you, asking the right questions, because that is one thing that most of us haven't been taught.

How to ask the right questions. And so once you start to interact with AI, you will get better and better in asking questions, and you will see how it starts to expand your mind and starts to, help you understand the world around you.

Jeffrey Feldberg: For our listeners, maybe you can help paint the picture for them, because if they haven't interacted with AI now with one of the AI bots that are out there, and by the time this episode comes out, there'll probably be more AI bots. I'm not even gonna name them for what they are today. They'll be even more on the [00:09:00] scene.

But this is not like typical programming where you have to learn a whole different language. This is, you know, English, you're talking in English to. An artificial intelligence bot, and you're talking about questions. So walk our listeners through, once they're onto one of these AI bots, how do they communicate with it and, what could be if they were to do something today?

Because every episode of Manujjj, what we say is, Hey, stop what you're doing. Take an action item today, so before your next email, phone call meeting. go onto an AI bot and maybe ask A question. So if you took your 15 plus years of experience in I 

Minu, you know, And now and I know you do consulting for different businesses and you do coaching, so imagine you're coaching a business owner who's saying, okay, 

Minu, I only have time to ask one question today to an 

AI bot.

What should I ask? What would you direct them or coach them through of what they should ask?

Manuj Aggarwal: Excellent question. Yeah, so the first thing that we do when we work with a business owner is ask them, okay, what is the most [00:10:00] low hanging fruit where, you know, we can do something, automate something, or add AI where it can make you a lot of money, or it can save you a lot of money, or it can save you a lot of time.

These are the three sort of, three pillars that we start with. So let's say, we were talking to a lot of real estate agents, for example. Real estate is all about communication. by the way, all business is about human relationships, right? Whether you are running like a pizza store, whether you are running a consulting company, whether you are running like a, car dealership, it's all about people.

So, when you want to communicate with people, there's a lot of unknowns that we have. What do my customers feel like paying for a product, let's say I, have two products. One is a low end product, one is a, you know, medium product, and now I'm thinking about launching a premium.

Product right now, the options I have is I can go talk to hundreds of people and see if they're going to buy a premium product. [00:11:00] I can hire a marketing company to do the research for me, or I can go simply ask this question to AI and say, I want to target affluent people, and I want to launch a premium product of my offering.

And you can be as descriptive as possible. You can say, I sell clothing. I have a specialized t-shirt wear, you know, active wear that I'm selling, and I've been selling it for 30 years, and now I'm introducing a premium product line. Targeted at affluent people, what do you think will resonate with them?

What are their pain points? How can I serve them most? What kind of price range do you think they will be able to pay? You can be, again, very descriptive and say, okay, you know, my target audience is in New York, in the Manhattan suburb, and they live in a, a high rise building.

They drive this kind of car. The more information you provide AI, the better answer it'll give you, and you'll be surprised how precise that answer is. And now, That one question can lead to multiple ideas, and you can [00:12:00] start to pursue those thought streams and say, okay, I like this idea of selling premium product to affluent buyers.

How do I reach them? Tell me a marketing plan, and it'll give you a marketing plan. And you can say, okay, you know, this is great Now. Tell me what is the first action I can take out of this marketing plan? And it'll actually lay it out for you. And now to your point, all you need to do is go out there and take that action.

Jeffrey Feldberg: It's amazing when you think about it, and for our listeners, imagine that you have. The world's top management consultant who's just there waiting for you, hanging around your office, lingering around, waiting for you to ask a question and can access all kinds of information, really in the blink of an eye that would take us hours or months or who knows how long to, to be able to do that.

You now have that. So Manujjs, now that you've given the big picture, you know, I know on. Your side of things, Tetra Noodle technology. So you've created your own boutique. It's a big data consulting company, and you'll go in and you'll [00:13:00] begin to help companies get a competitive edge, create a market disruption.

So for our listeners out there, because if they're not working with you, maybe they'll be competing through you and one of your clients or one of their competitors comes and hires you. So walk us through Manujjj when you're working with a business. So one of our listeners says, okay, Manujjj. I asked that one question in AI.

I loved what I got back, but you know what? I wanna accelerate the process. You do this all day long, so 

help my company get that competitive edge. So 

what's going on, Manujj? How are you taking AI and incorporating that to help a business get an edge in the marketplace? What's your process?

Manuj Aggarwal: it's almost the same process. The very first thing we do is we sit down with the business owner and do a discovery session. Discovery session lasts for anywhere from one hour to, full working day, eight hours where we unpack their business, where we unpack all the processes, all the major processes that are happening in their business, and then we [00:14:00] start to discuss, okay, you know, what is the biggest return on investment?

What is that one? Process that we can take that if we automate it, and that if we make it more optimized, it'll give you maximum return overall in your business. But typically we try to shoot for 10 x returns. So let's say if something is taking, 30 hours a week for an employee or yourself, and if we are able to reduce that to five hours a week, that's huge savings. So we look for those areas of development and then we start to hypothesize a solution because if technology and business need to coexist, we need to go through some iterations, it's never that, you know, we come up with a, solution and it always works. We have to sort of do a little bit of a HIT trial to see.

Whether the solution that we have proposed will work in this particular business with this particular business owner. Because everybody is [00:15:00] different. Everybody's situation is different. So we try to personalize the solution so that it works really well for the business owner. And then once we have those hypothesis, we basically come up with two or three potential proposed solutions, and then we start to test them in a very small.

Low stakes environment. So we can say, okay, let's just take one customer of yours and then try this new methodology. Or let's just take one shipment, or let's just take one day of the week, or whatever that is, so that we don't go all in and we realize, oh, we made a mistake. So we start small, we start to implement it again.

We start to gather data on that, and we say, okay. We implemented this change, we converted some of your business process into AI. So last week before we implemented AI, we were, shipping out 50 packages Today, once we automated things, we are able to ship out. 250 or we can say, oh we [00:16:00] dropped we are only shipping 40, so that means there is a problem somewhere, right?

so we track that data as we implement the solution to make sure we are hitting the targets, we are hitting the, growth numbers that people expected before the engagement started. And then once the whole implementation is done, we continue to gather more feedback, monitor the system.

And then we move on to the next layer of business process and see what else can be automated. it's like, you know, again, digitization is a process, is a step-by-step process. And now with AI, it's just another layer of digitization.

Jeffrey Feldberg: SoManujjj, it would seem, and it can correct me if I'm on base or off base with this, it would seem that in the past 12 months in particular, AI has taken huge leaps and bounds, particularly to get into the public now and an awareness of that. And so as things continue to progress, you know, looking at it, I'm not gonna ask for it too far out because it keeps on changing.

What should we expect for as business owners, founders, entrepreneurs, in the next 12 to [00:17:00] 24 months, or where we are today, 12 or 24 months from now? What do you think will change?

Manuj Aggarwal: See, first thing is that a lot of productivity gains are going to be added to all industries. No industry is going to be unaffected by AI. So, think of again, using the same example of hiring a super intelligent employee who's available 24 7 or a world-class management consultant just hanging out at your doorstep.

But now imagine you can hire one of those people for each of your employees. like a lot of business owner think that, oh, I can let go of people and make my business more profitable. But I think that's a mistake. Rather than letting go of people, we should enable them and augment their abilities using AI.

And now all of a sudden, if you are a 20 member team, you are now. 20,000 more productive. If you have 300 employees, you are 30,000 at [00:18:00] times, more productive. And so if you look at it from that point of view, you're adding productivity, you are adding more accuracy, you're adding more precision to your work, your more quality.

Where do you think your competition is going to be in 12 months? They're gonna be far behind, So the idea is start incorporating that today and focus on personalization, because with AI, with industrialization, we got mass production, We can Manujjfacture things at mass, but with mass production, we lose the ability to personalize.

let's say, you are wearing a blue t-shirt, I'm wearing a incidentally blue shirt as well. We can only buy these shirts in five colors today, but with AI, we may be able to order this. Particular t-shirt in any color. We may be able to go to a doctor and say, make a new drug for me that is custom suited to my DNA and it has zero side effects.

I can go to educational institution and say, okay, I want to get a degree, but I want you to [00:19:00] personalize a curriculum just for me. Because I know a lot of other topics that you teach or I have no interest in some topics that you teach. These kind of changes you can start to see in society and business very soon.

Jeffrey Feldberg: And so it sounds like it's going to start getting everywhere into life. Just if you go back to the internet, when it first came out in the early nineties, it was really new and a bit of a novelty, but here we are. Fast forward all these years later. Everyone has an email address and most people have a website, even personal websites.

And so Manujj seeing the changes that are happening at societal level, you're working with businesses to help accelerate that as well. A lot of people are saying that AI will displace a lot of jobs as we know it, and it'll make the human condition as we know it miserable. And other people are saying, Hey, not at all.

We're not gonna lose any jobs. We'll just stop doing activities that we shouldn't be doing. Where are you on that spectrum of how AI may or may not disrupt life in business and society as we know it?

Manuj Aggarwal: See, there is no doubt that there's gonna be [00:20:00] some job displacement, but that job displacement, as you said, will be a job displacement for better jobs because many jobs that we are doing today we love the part of. Creating something of value in the world. But along with that, Act of creating value comes a lot of administrative overhead.

A lot of, things that we have to do, but we don't like doing it. An example of that is I was talking to a neurosurgeon the other day and they were telling me that for every one hour they spend with a patient, they have to spend two hours entering data into a computer system. And so now if that job is taken over by AI, now they will have.

300 more Time availability to spend with the patients and understand their problems and then feed that data directly or talk to an AI and say, okay, give me the diagnosis, or something along those lines. So the idea is that we have gone through these technological revolutions before as well as you mentioned, the [00:21:00] internet, the mobile revolution, and before that, the steam engine, the car, a lot of these technological revolutions when people were worried, What is going to happen?

We are gonna lose our jobs. No. Every cycle of technology actually creates better jobs as long as people are willing to embrace it and upskill themselves. it sort of, evolves itself into the next level of sort of prosperity. And so that is the way that humans have become so ubiquitous.

We have become the dominant species on the planet because we use technology to help. Evolve faster and better. Right.

Jeffrey Feldberg: For sure. And so as you're talking through that and a listener saying, okay, Manuj, I hear you. It sounds like this is the way things are going. I was late to the internet. I thought, okay, I'll take a wait and see approach, and I paid a price because others got on in front of me and I don't wanna do that again.

So we're still in the early days of AI and the Golden era has begun [00:22:00] as far as we're concerned here at default. That's our thesis. So what would be some action items starting today of how we can be right there as AI continues to evolve? Our business is right there. We're participating in it. We're benefiting from that.

Our customers, our marketplace, our clients are the benefactors of it. What can we be doing? What would be some of the top action items that we should be doing?

Manuj Aggarwal: So first of all, as I said, sign up for chat g p t because that is sort of the granddaddy of all AI interfaces. Start asking questions about your clients, about your business, about your environment, about anything that comes to mind. The better you can, here is one skill, the better you can get. At asking questions using AI, the better you will do with this technology because it's all about asking the right question, and these questions come from observing people around you, observing the environment around you.

so, AI helps you to understand people a around you better, and then, AI is basically a pattern recognition machine, [00:23:00] but much, much more powerful, much more precise. So you start noticing pattern in your business, and we have these patterns all the time. What is the seasonality of a particular item?

What is the consumer behavior of a particular consumer? What is the price sensitiveness of, certain location, whatever. I mean, So many questions that come to mind, and now you can start to ask these questions and get better answers for your questions, and then you start taking small steps or working with people like my company who are experts in helping you sort of decipher all this and laid out in a plan that can be executed step by step.

So the right now is the small window of opportunity you know, where people who get on board, They will get a huge advantage for the next 12 months, 24 months, because as I said, not everybody who's listening to this or paying attention to this, they're going to take action, but those who do, they are going to get [00:24:00] massive advantage.

Just like you mentioned, if somebody took advantage of the internet in 1990, nineties, 95, 2000, they're pretty happy right now.

Jeffrey Feldberg: such an exciting time. And then so Manujj, let's go back to what you're doing. So as you onboard a client, brand new client, they're a business. They've been around, they're successful, but they want to take their game to the next level. Once you understand the business and you're taking the big data to the AI, you're now applying it to that industry, to that business.

Dollar wise, how much will a company spend and time wise, when will they start to see the return on investment for them?

Manuj Aggarwal: See, it could be very, very simple. Cost wise, let's say, I'll give you a quick example to make it more concrete. So when we were working with real estate agents, In this particular office, they had 400 real estate agents. And when we looked at their business, 80%, 70 to 80% of the time these real estate agents were spending was on communication, creating content, answering emails, answering, inquiries, all of [00:25:00] that stuff, right?

So what we did was we created simple interface for them. To create this content for their public conversation public arena, which is social posts and things like that, and private communication, which is email, talking to clients, these type of things. Right now, the thing is as we feel the pressure, a time pressure, we are not able to communicate with these people.

Very effectively, because we have to think, not everybody's a gifted communicator. Not everybody's a gifted writer and not everybody's a gifted artist, but we are able to create this content production machine for them and they are able to save 80 to 90% of their time, you know, using this technology.

On the other hand of the spectrum, we created AI algorithms for university to help students finish their degree programs because in higher education there is about 30% chance that a student will drop out in their first two years of their [00:26:00] degree program. So what we did was we use AI to match the students with the right courses based on their history.

Just like Netflix recommends shows to us, we are able to recommend courses to the students. And so this program was very, very effective. And it's a. 450 billion problem in the US alone. So this program costs a couple of million dollars to implement and took about a year to implement, but then it got recognition from President Obama and Bill Gates, that's how impactful it was.

So the cost always varies in what we are trying to do, but make sure you don't have this misconception that. It only it works for large companies. You can start with a, almost free. For example, if you start to get, start using chat, g p t, it's absolutely free. It, all it takes is your time.

 but even if you work with a professional like ours, like we created a solution which was like 200 bucks a month. And then larger solutions may cost more, right?

Jeffrey Feldberg: And so for our listeners out there, they'll hear [00:27:00] the terms open AI Chat, G P T and others. And so for the benefit of our listeners who are new to AI, Manujj, what is Chat G P T for them? How would you describe that and what is open AI?

Manuj Aggarwal: So let's address Open. OpenAI is the company that created Chat g pt. And what they have done is they have created something called a large language model. So what they have done is they have consumed all the text written on the internet and they have figured out how do humans talk, meaning they have figured out what word generally comes after.

Which previous words, in spoken language, we have certain patterns of speech that we follow, right? So OpenAI has collected all that data and then understood, okay, humans, this is how we converse with each other. If I say hello, generally that hello word is followed by, how are you?

So this is how open AIr has been able to learn Chat. G P T is an interface where they have [00:28:00] exposed this large language model to a human being and saying, okay, you can input your question or whatever you want to use to interact with this large language model you just put in your.

Thoughts in English, and it'll

Jeffrey Feldberg: Mm-hmm. Mm-hmm.

Manuj Aggarwal: To you based on what we have learned from the entire human consciousness. So it's like J G P T is like an interface to collective human consciousness. Does that make sense?

Jeffrey Feldberg: absolutely. So for our listeners, what you're saying is this company OpenAI, they've collected all this information on the internet. They put it through some different models to be really a knowledge base so that when you ask a question, To the best of the engine's ability or the algorithm's ability.

It's taking that information and really in the blink of an eye milliseconds, it's answering that question, pulling on information that would take us Manujjally to do that. Who knows how long? Certainly 

not seconds that's for sure. And as time goes on, they keep on [00:29:00] updating their engine. And as this version, that version is getting faster, better, smarter.

And Manujj. Just fast forwarding somewhat and then we'll start to wrap things up here. People are saying that where we're heading with AI is not gonna be this. Big kind of monolithic AI bot that's out there that everyone will have their own personal AI agent or avatar or whatever that you like to call it, where it knows Manoj or it knows Jeffrey and it's just one-on-one and it's the world's expert 

for each of us.

We can ask a question, Hey, I'm not feeling so good today. what could I do to help me feel better? Or, you know, my business. Okay, what's the best thing I can do today to. To grow my business. What would you say to that? Is that something that you believe in? Is it close? Is it around the corner years away?

Where are

Manuj Aggarwal: Yeah. Yeah, absolutely. Absolutely. I think that's exactly where we are heading, because even today you can see like, Open AI has come up with their AI bot and Google is coming up with their AI bot, and Facebook is working on one, and [00:30:00] Bloomberg is working on one. So in the medium term, what is, what will happen is I believe there's gonna be specialized AI bots.

For specific industries. So I think there's gonna be one for finance, there's gonna be one for medicine, there's gonna be one for like different industries. And then as these things become more and more powerful, it'll become hyper personalized, as you said. It'll actually become personal AI, which will know a lot about you, and it'll actually be able to.

Give you day by day feedback on what is happening. So help you solve your problems. Whether they are mental health issues, or they are like physical world advice or legal advice, what have you. You can expect that kind of personalized AI to be your sort of accompanying digital avatar, that helps you solve all your problems.

Jeffrey Feldberg: Something exciting, something to look forward to, and it looks like there's a bright and promising future if we can get in there today. [00:31:00] Understand it, know what to do, know what to do. As with anything else, what we put into it is what we'll get out of it to take a appropriate term from the sciences.

Garbage in, garbage out. So, we put good stuff in, we'll get good stuff out. So 

for all the listeners out there, take Manias advice to heart and really go on to chat. G p T. Start asking you questions. Get familiar with it. You're having a leadership meeting. Why not have it in the meeting with you?

Start putting different questions in there. Get the answers and think of it really. As an Advisor for you, a management consultant for you, a team lead for you, and begin to integrate it into your company. So that said, Manujj, I mean, we can go down this AI rabbit hole and just endless questions and answers and you've been terrific that way.

That said, let's start to wrap up the podcast. And I get to ask, it's a privilege, it's an honor. One of my favorite questions, let me set the question up for you. So, imagine. That you're looking at the movie Back to the Future and in the Back to the Future movie, you have that [00:32:00] magical DeLorean car that will take you to any point in time.

SoManujjj, it's tomorrow morning, you're looking outside your window. Not only is the DeLorean car there, but the doors open, it's waiting for you to hop on in. So you hop in and you can now go to any point in your life. So Manujjia as a young child, a teenager, whatever point in time it would be. What are you telling your younger self in terms of life wisdom or, Hey, do this but don't do that.

What would that sound like?

Manuj Aggarwal: Well, I will say, first of all, everything's gonna work out, so don't be so anxious. Don't be so scared. Don't think too small. Don't think that Whatever crazy ideas you are coming out with, they will not actually come to fruition. So don't let go of those ideas without actually taking some action on it.

And then the last thing I will say is focus on building relationships because. In this world if you want to achieve something, the most important thing is the people around you and in your circle who [00:33:00] will fill those gaps for you, help you, support you and advise you or collaborate with you.

So people are the most important thing in my opinion. That's what I learned.

Jeffrey Feldberg: Some terrific advice, words to the wise. 

Manujjj, just before we wrap up, one other question for you. If people wanna find you online, they wanna become a client, they wanna learn more, they have a question about AI. Where's the best place online that they can find you?

Manuj Aggarwal: So they can go to my Connection website where all my social media links are available, man ca my first name ca. Or they can just find me on LinkedIn, man, Jagger. And it's the same with my website, Manujj jagger.com.

Jeffrey Feldberg: Terrific. And for our listeners, it'll be a point and click. It doesn't get any easier. Come to the show notes, point and click. Take Manujjj up and ask 'em those questions.

Well, Manujjia, it's official. This is a wrap. Thank you so much for your time, your insights, your wisdom, and on the personal note, you know, once again, just really a congratulations. You took a challenging road [00:34:00] ahead when you're much younger and you said, I want a better life, and you did it.

So you're a terrific role model for everyone out there who's saying, I don't have the best situation. What can I do? Well, Manoj did it. He found a way. You can find a way to. And as we like to say here, Deep, Wealth, Manujj, may you continue to prosper and thrive while you say healthy and safe. Thank you so much.

Manuj Aggarwal: Thank you so much for having me. Thanks. 

Sharon S.: The Deep Wealth Experience was definitely a game-changer for me. 

Lyn M.: This course is one of the best investments you will ever make because you will get an ROI of a hundred times that. Anybody who doesn't go through it will lose millions. 

Kam H.: If you don't have time for this program, you'll never have time for a successful liquidity 

Sharon S.: It was the best value of any business course I've ever taken. The money was very well spent.

Lyn M.: Compared to when we first began, today I feel better prepared, but in some respects, may be less prepared, not because of the course, but because the course brought to light so many things that I thought we were on [00:35:00] top of that we need to fix. 

Kam H.: I 100% believe there's never a great time for a business owner to allocate extra hours into his or her week or day. So it's an investment that will yield results today. I thought I will reap the benefit of this program in three to five years down the road. But as soon as I stepped forward into the program, my mind changed immediately. 

Sharon S.: There was so much value in the experience that the time I invested paid back so much for the energy that was expended. 

Lyn M.: The Deep Wealth Experience compared to other programs is the top. What we learned is very practical. Sometimes you learn stuff that it's great to learn, but you never use it. The stuff we learned from Deep Wealth Experience, I believe it's going to benefit us a boatload.

Kam H.: I've done an executive MBA. I've worked for billion-dollar companies before. I've worked for smaller companies before I started my business. I've been running my business successfully now for getting close to a decade. We're on a growth trajectory. Reflecting [00:36:00] back on the Deep Wealth, I knew less than 10% what I know now, maybe close to 1% even. 

Sharon S.: Hands down the best program in which I've ever participated. And we've done a lot of different things over the years. We've been in other mastermind groups, gone to many seminars, workshops, conferences, retreats, read books. This was so different. I haven't had an experience that's anything close to this in all the years that we've been at this.

It's five-star, A-plus.

Kam H.: I would highly recommend it to any super busy business owner out there.

Deep Wealth is an accurate name for it. This program leads to deeper wealth and happier wealth, not just deeper wealth. I don't think there's a dollar value that could be associated with such an experience and knowledge that could be applied today and forever. 

Jeffrey Feldberg: Are you leaving millions on the table? 

Please visit www.deepwealth.com/success to learn [00:37:00] more.

 If you're not on my email list, you'll want to be. Sign up at www.deepwealth.com/podcast. And if you enjoyed this episode, if it added value, if you walked away with some new insights and strategies, please leave a review on your favorite podcast channel. Reviews help us reach new listeners, grow the show. And continue to create content that you'll enjoy and as we wrap up this episode as always please stay healthy and safe.