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Harnessing AI for Success: Tools to Power Up Your Business & Analyze Legal Documents Quickly

Kasim and Ralph share some amazing tools that can help you maximize efficiency in your business. One tool can help you automate customer interactions, improve response times, and enhance overall customer experience using your own data. The other tool they share can save you valuable time and resources when reviewing contracts, agreements, and other legal paperwork. Watch this video to learn what these tools are and how you can leverage the power of AI in your business.

Mentioned links:

Chatbase: Custom ChatGPT for your data: https://www.chatbase.co/

My AskAI: https://myaskai.com/


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0:00 Harnessing Tech For Success: Proven Tools to Power Up Your Business & Analyze Legal Documents Quickly

0:43 A chatbot based on your own data

2:59 My AskAI

4:46 What happened to OpenAI?



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Transcript
John:

Coming back to our nugget before we get into our episode.

2

:

What was the big nugget you

learned out in LA at Driven?

3

:

There's a hundred million of them But

here's the one that I'm gonna pull out

4

:

it's the most immediately actionable We

do a session called tool time just really

5

:

fun because you know There's a hundred

some odd entrepreneurs in the room and

6

:

it takes Hours, if not days, if not

weeks to figure out what software you're

7

:

going to use for specific things, right?

8

:

Like when you're really going to school on

it or even stumbling upon software, it's

9

:

hard to know what works and what doesn't.

10

:

And so we crowdsource it and we

just ask everybody to submit the

11

:

tools that they love the most.

12

:

And we got least over a hundred, Ralph.

13

:

The list is extensive.

14

:

But the one that I'm really

excited about is called Chatbase.

15

:

co.

16

:

And what it does is it allows

you to build A chat bot based

17

:

off of your own proprietary data.

18

:

Add it to your website, for instance, it

crawls your website and then now people

19

:

can ask the chat bot questions based

off of all the content on your website.

20

:

And the more content robust

your website is obviously the

21

:

better the chat base works.

22

:

And so they can, you're answering

questions about products, services,

23

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terms materials shipping, receiving It's

unbelievably effective, and what's really

24

:

cool about it, too, is it's iterative.

25

:

if it says something that you don't

like or makes a mistake, you get to see

26

:

every single chat that takes place, you

get to correct anything that it says

27

:

incorrectly, and then, from that point

on, it will always respond perfectly.

28

:

And if you've got a content rich

website this is an absolute necessity.

29

:

I especially love it for e commerce and

sass because if you have a content rich

30

:

website and e com and sass, the thing

that's really, obvious, but maybe not

31

:

so obvious about those things is the

transaction actually takes place on site.

32

:

There's no call book appointment schedule.

33

:

It's like they're going

to buy right now today.

34

:

And if you can, Put an AI driven chatbot

that's pre loaded with all of the

35

:

information about your specific product.

36

:

Oh my goodness.

37

:

And you just make it easier for them to

find than having to sift through things.

38

:

Not an affiliate one of our members,

I wish I could tell you which

39

:

member came up with it because...

40

:

I should really give them a shout out.

41

:

Oh, you know what?

42

:

I think it was Rachel.

43

:

So shout out to Rachel.

44

:

aNd I might be wrong about that.

45

:

So now I'm nervous, Ralph, but chat base.

46

:

com potentially from Rachel Perlmutter

pretty amazing little tool It's one of

47

:

those examples of how like AI doesn't

usurp or change the world, but it's

48

:

just a, 1 percent improvement here

and then another tool give you another

49

:

1 percent improvement that those

compound effects are going to put you

50

:

massively ahead of your competition.

51

:

Yeah, that's huge.

52

:

The other tool that's in this space

that I'm aware of but have not used

53

:

and put this on a list of things

to test now that I have chatbase.

54

:

co.

55

:

It's chatbase.

56

:

co, correct?

57

:

Yep, dot co.

58

:

Is myaskai.

59

:

com does a similar thing.

60

:

And I've heard really good things

about this through sort of secondary

61

:

sources, but this is the future.

62

:

Especially on e com, if you're not

testing out these types of things at

63

:

the very least, Oh my God, the ability

to be able to upload your entire

64

:

database of information, especially if

you have a content rich site, which I

65

:

know a lot of people listening to this

show are big believers in content.

66

:

I think the more content site,

there's an AI solution for that too.

67

:

But you have to know you

have to be concentrated.

68

:

Do you know what I love about my ask?

69

:

I'm on it now.

70

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I'm on my ask.

71

:

ai.

72

:

com.

73

:

It allows you to upload documents.

74

:

It says, upload a PDF text or doc file.

75

:

And then you can chat with any

document and I dropped this as

76

:

a nugget on a previous episode.

77

:

I do this with legal documents.

78

:

I did this two days ago.

79

:

I'm buying an apartment building in

Fargo and I uploaded this document.

80

:

I started asking questions.

81

:

What are the terms of the agreement?

82

:

Is there anything here that

I should be worried about?

83

:

Is there anything that

puts the seller at risk?

84

:

And it is insane.

85

:

How well it works.

86

:

And I wasn't even using this tool.

87

:

I actually use a separate tool

that looks to be maybe not

88

:

quite as effective as this one.

89

:

Just blows me away that we're here.

90

:

Like, I'm just such an old guy.

91

:

This feels like Star Trek.

92

:

Like you're chatting with a PDF document.

93

:

Oh it's crazy to think about.

94

:

And it's crazy to think about the, this

is just the tip of the tip of the iceberg.

95

:

Oh yeah.

96

:

People are like, oh my God, chat, GPT AI.

97

:

Wow.

98

:

That's amazing.

99

:

And then they stop and that's it.

100

:

No, like first off, there's not

going to be any other public

101

:

tools released by open AI.

102

:

In the future, according to Sam Altman,

the point is like that just got people.

103

:

Can you blame the guy?

104

:

He got dragged over hot coals and

crucified by the angry mob and

105

:

he's like, all right, we won't

let you see what we're doing.

106

:

gosh, man, we just ruined.

107

:

And I know, the guy was trying to

be open, transparent, honest, he was

108

:

trying to allow for some level of like

public influence and public opinion.

109

:

And instead, we just like straight

up farmer and pitch forked him.

110

:

incredible.

111

:

And then when you have a conversation

with a non marketing person,

112

:

it always goes to fear based.

113

:

Oh my God, they're taking over.

114

:

It's Oh my God, it's almost like one

of those conversations that you don't

115

:

want to have because when I talk

about AI, I talk about it like this

116

:

is transformational, at least for

my business in general, certainly on

117

:

the marketing side and people just

immediately go to this fear based thing.

118

:

I think that all of that.

119

:

Backlash that Sam Altman got.

120

:

It's too bad.

121

:

really like him.

122

:

I think he's a guy for that role.

123

:

I think so too.

124

:

And I think he's got his

intentions in the right place.

125

:

Going to the government,

looking to, get regulation,

126

:

like all these sorts of things.

127

:

I don't know.

128

:

He seems like one of the good guys.

129

:

Hopefully, I used to think that.

130

:

So let's punish him.

131

:

No good deed goes unpunished.

132

:

Exactly.

133

:

That's what we do.

134

:

Oh, you're being honest

about what you're doing.

135

:

I'm gonna stab you in the heart.

136

:

And then everybody, every other company

is building it all in the background

137

:

and they're doing it in the fastest,

cheapest, most dangerous way possible.

138

:

And we reward that.

139

:

Yeah, it's unfortunate.

140

:

But anyway, the tools that are there

right now, we'll leave links in the

141

:

show notes over perpetualtraffic.

142

:

com

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