America's newest small business owners with no employees are off to a hot start in AI era
Image: CNBC
It takes hundreds of billions of dollars for the tech giants to scale artificial intelligence, but it takes just a few AI tools for the smallest companies in the U.S. economy to get up and running with a cost-competitive business model.
Alex Willen expects the 12 e-commerce brands he operates with no employees to generate between $2.5 million and $3 million this year. Kristin Ginn left Microsoft in March and started trnsfrmAItn, an AI-adoption consultancy. Seven months later, she has roughly $250,000 in business received or contracted through year-end with no employees or regular contractors.
"The biggest misconception is that it's just about individual productivity; it's actually about leveraging AI to perform tasks that previously required a whole team," said Stanford economist Erik Brynjolfsson.
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