A man named Jackson Greathouse Fall recently astonished the internet when he announced on Twitter that he had used an AI tool to construct a company from just $100. The AI tool ChatGPT not only offered a business plan but also created a logo, and coordinated a successful blog and website. With just two days of effort, the company had already managed to amass a staggering $25,000 in worth.
Jackson Greathouse Fall is an AI designer and enthusiast based in the USA. He proposed on the new AI platform the challenge to convert $100 into the highest amount of capital possible and within a short time, without violating any laws. ChatGPT suggested using some of the money to acquire a domain name and to fund the website and blog. Three business fields were then identified: pet items, sustainable products, and kitchenware. In the end, Fall focused on the sustainable products branch and built a website – EcoFriendlyFinds.com.
ChatGPT was used again to generate the logo, images and text for the website. The challenge then went viral on Twitter and an investor noted the project’s potential and contributed $500 for a 2% share. This increased the venture’s capitalisation to a stunning $25000 market value.
The success of the project has been credited to Jackson Greathouse Fall’s efforts, as well as ChatGPT’s ability to offer automated solutions that are tailored to a user’s needs. Since then, the founder has received various offers of investment, yet he has stated that he will only accept those that are “extremely favourable”.
The development of the company shows how the use of AI can revolutionise the modern business landscape and reminds us of the potential to further bolster economic growth and success.
