Build faster, Protect faster.
- October 21, 2024
- Posted by: stephanie
- Category: Latest article
This 23 year old guy built a $7 million dollar a year business using AI, all without any formal background in coding, and that might be dangerous for your company. Here’s why.
According to Bloomberg research, over 100 new generative AI companies emerge every week. This might sound overwhelming, but considering the accessibility of AI tools today, it’s hardly surprising.
With the rise of large language models (LLMs) like ChatGPT, individuals with little to no coding experience can now create tech products. Even designing marketing strategies has become more streamlined. This is why the surge of startups in the AI space feels almost inevitable.
The Power of Zero Coding: Blake Anderson’s Story
One shining example of this AI-fueled entrepreneurship boom is the story of Blake Anderson, a 23-year-old entrepreneur who turned his curiosity—and a bit of AI—into a $7 million monthly income. Without any formal coding background, Blake leveraged ChatGPT to develop apps that have generated over $10 million in revenue. His journey is a testament to the power of innovation, persistence, and the strategic use of AI.
With generative AI, we are witnessing the emergence of the Zero Coding Startup era, where building a tech company has never been easier. This explains why over 100 new companies are launched each week. But while AI allows you to build faster and market more effectively, the more significant question remains: how do you win the AI revolution?
Last month, I had the privilege of attending CyberTech NYC, where I participated in a dynamic discussion on patents and investments in AI companies. One of the most thought-provoking questions from the panel was: “What strategies are you using to safeguard your investments in the AI space?”
Before I respond, let me share some eye-opening statistics.
Protecting AI Innovation: A Business, Not Just Legal, Strategy
Returning to the question posed at CyberTech: “What strategies are you using to safeguard your investments in AI?” My answer was simple: Implement an intellectual property (IP) strategy. While this may sound like a legal recommendation, it’s fundamentally a business strategy. Companies that pivot toward AI or enter the AI space need to build strong market barriers—and one of the most effective ways to do that is by securing their AI strategy with a strong patent portfolio.
Winning the AI revolution isn’t just about having a great product—it’s about creating defensible innovation that is difficult to replicate. An IP strategy should focus on technological differentiation, not just surface-level features. For instance, instructing GPT to perform a specific task is unlikely to qualify as a patentable technological differentiator. However, developing new methods to train models more effectively or to improve prompt accuracy might qualify as a differentiator worthy of patent protection.
As patent prosecutors, we frequently hear the question: “Can you patent generative AI innovations?” The answer, as with most legal questions, is: It depends. It depends on whether your technology is truly
differentiated, and whether you can ensure that these innovations are well-protected. Companies must focus on how their solutions stand out in a market that is increasingly crowded with AI products.
Final Thoughts
In this era of rapid AI development, it’s easy to get caught up in the excitement of launching a company with minimal overhead. But for those looking to build companies that not only survive but thrive, it’s essential to think strategically about safeguarding your innovations. Implementing a robust IP strategy—focused on true technological differentiation and backed by patents—is the key to winning the AI revolution.
So, while AI allows you to build faster and market better, the companies that will lead the charge are those that IP smarter.