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HOT TOPIC The AI Entrepreneurship thread. Code AI? Interested in AI? Data Science? Machine Learning?

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Bronze Contributor
Read Millionaire Fastlane
Dec 13, 2019
So guys where do you see industry going in the upcoming years? Is it worth to dig deep into AI/Data Science if you will want to create something (considering you aren't a huge company like Google, Amazon etc.) and you're building from a ground up. Or is it better to go more into creating hardware/IOT stuff that will be needed for computation and also to gather data? If you would decide now to study one of them, which one you would go to? :)

The "frontiers" of AI are light years ahead of what you and I can access from online courses. Source: I manage an online course and it's taken me months just to create tutorials. I've heard of a few successful AI startups but they mostly get VC funding and have founders who went to Ivy league schools.

A more "fastlane" approach is to feed the crowd. What are the needs that all of these AI companies and people will need? All of these are unattractive, which means that there's less competition.


Sales and marketing of machine learning models
  • How can you prove that your model is worth $100/customer? Data scientists tend to come from technical backgrounds. I worked as a predictive modeler who would create the models and PowerPoint decks, but then we'd turn them over to our sales team who would sell them to clients.
  • My current course has about 30% of the curriculum just on communication. Basic things like writing, combining graphs/statistics into understandable language. The person who can explain their algorithm/AI wizardry in simpler language is worth more money than the person who struggles with communication.
Risks to fraud, data breaches, technical errors
  • Data cleaning, integrity, and reducing error. How can you know that your data is going to be consistent? "Garbage In; Garbage out." Data scientists need to know this, but it's not new! It's been around in Database language since SQL was invented in the 1980s... but people don't want to learn it because it's "boring".
  • Writing documentation.... Ugh. Is there anything that a data scientist hates more than doing this? Probably not. This task tends to get outsources to junior team members because it sucks. But the probme is that only the "expert" who created the model is knowleagable enough to write good documentation.
  • How to use cloud services. There are basically three big competitors - Microsoft Azure, Google Cloud, and Amazon Web Services.
    • Companies concerned about data privacy still are hesitent to use the cloud, unless they are massive and have boat loads of money to spend on R&D.
    • Getting models into "Production". It's easy for someone to take their Python or R and make some AI tool, but it takes a lot longer to get it ready to be used in real-time. Most of the time this needs to be translated from R/Python into some other framework like JavaScript/Scale (?), Julia, etc. This is one of those tasks that data scientists hate.
    • Budgeting... The cloud offers "unlimited scalability" but with that comes unlimited costs. At my former company, we ran into major problems with cost overruns. We were using a machine learning model which was designed to run on about 100 GB of data, but then we had a client that had 100TB of data. The cloud computing costs went from about 20% of the costs (for normal clients) to 60% of the costs. This could have been avoided if we had knowledge of how to manage costs.
  • How do we hire the person with the right credentials?
    • Hire only Phd's
    • Hire Master's degree people and hope that their degree is actually useful
    • Put them through a rigourous hiring process involving technical projects, background checks with previous managers, reviews of their github/kaggle projects, and numerous on-site interviews and "white board" questions
  • How do we know if a "data scientist" from India who is selling themselves on Upwork for $500/hr is legit or not?
  • Analytics managers have "continuing education" requirements like doctor's do. As algorithms get more complicated, it becomes more difficult to keep staff up to date. There's a growing need for corporate training. Remember all of that "Data Privacy" training that you were required to take? Imagine "AI Privacy" training in 3 years.
  • Learning platforms - My site is build using Moodle, which is good because it has a ton of open source documentation.. but there are newer platforms which have more features such as zoom integration, templated content (think Wordpress) for quickly making new courses, and so forth.

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Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Dec 27, 2016
I did not read the whole thread and I have a question.

I am a 31 year old simulation engineer. Basically I do technical simulations.

For example, if you have a connector for a pump and want to calculate the loads on the bolts at the connector, I can calculate it.

Good thing is, that I do not actually need to click around. I can sit down and program something, which actually builds that model and creates the code. It has been a while, but I can program in Pyhton, MATLAB and C.

Now recently, I have seen a video that shows the capabilities of this new GPT-3 code. It has read all Wikipedia and books that have been published since Earth existed or whatever and now it can compose its own poems.

Heck, it also writes the code if you say "write me a code that rolls a dice with 20 sides and records the first 10 throws". Or "make a mockup of a website that is a photo gallery where you can like or comment to each photo" (Instagram) and it makes a mockup of Instagram in minutes.

This brought me to the idea that I can apply this in my own field. I cost 100k€ to my company and there are probably like 100k-300k guys like me.

If I really can integrate AI to my own field, I would be spectacularly rich. You would not need then hours of work and 20 engineers in an office, but 2-3 very qualified ones would be enough.

Practically this would be like "calculate connector loads with 6 X bolts under Y kN of bolt pretension and the connector's drawing is in Z file."

This is an objective that requires creativity, knowledge and experience, but it is not dependent on emotions or emphaty, so I think it is possible.

But I have zero experience with machine learning or AI. So I have some questions:

1. Where to start with AI where you can automatize such objectives? What should I learn or how should I qualify myself?

2. I see a big challenge: Whereas you can find a lot of HTML code or poems on the internet, there is limited work on coding such specialized engineering software because most of such codes rot away in archives of geeks like me. The community is very small and very much disconnected, so such codes to sample from are not easy to acquire, I believe.

I heard that the bigger the data size is, the better. Is the "artificial intelligence" and the data size linearly proportionate? Or exponentially?

I hope I can convey where I am going with those thoughts. My concern is that it might not be easy to feed the code enough data.

I would appreciate any answer. :)
Last edited:


Making friends and solving problems!
Read Millionaire Fastlane
Speedway Pass
Oct 30, 2019
Los Angeles, CA
Attorney General Anne Milgram uses "Moneyball"-esque techniques to reform the criminal justice system, with great success.

Anne Milgram: Why smart statistics are the key to fighting crime

When she became the attorney general of New Jersey in 2007, Anne Milgram quickly discovered a few startling facts: not only did her team not really know who they were putting in jail, but they had no way of understanding if their decisions were actually making the public safer. And so began her ongoing, inspirational quest to bring data analytics and statistical analysis to the US criminal justice system.
That's the most inspiring thing I've heard today.

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