Task: Creating Your Own AI-Powered Business
Objective:
Use AI to brainstorm, research, and develop a business concept that uses artificial intelligence in an
innovative way. By the end of this activity, you will have a detailed outline of your business idea,
including its purpose, target market, key features, and potential challenges.
Instructions:
1. Form Teams:
Divide into teams of 3-4 students.
2. Define Your Industry and Problem
o Prompt for ChatGPT: "What are some common challenges or problems in [industry]
that AI could solve? List a few ideas and potential solutions."
o Example industries: healthcare, finance, retail, education, entertainment.
o Objective: Each team should choose one problem they find compelling and that they
believe AI could help solve.
3. Describe Your Business Idea
o Prompt for ChatGPT: "I want to create an AI business that solves the problem of
[chosen problem]. What could this business look like, and what products or services
might it offer?"
o Objective: Use the responses to outline a preliminary description of your AI
business, including the name (if you have one), what it does, and the unique value it
brings to the industry.
4. Identify Your Target Market
o Prompt for ChatGPT: "Who would be the ideal customers for a business that
[describe your business's main function or purpose]? Describe potential
demographics, industries, and customer needs."
o Objective: Define who your customers are. Consider demographics (age, location,
industry) and psychographics (needs, pain points).
5. Outline Key Features and AI Technology
o Prompt for ChatGPT: "What key features could an AI-powered [type of
product/service] have? Include any innovative ways AI could improve the user
experience or solve the target problem."
o Objective: List the main features and any AI technologies (e.g., machine learning,
NLP, computer vision) that would drive your business solution.
6. Analyze Potential Challenges and Solutions
o Prompt for ChatGPT: "What are some challenges a business using AI might face in
terms of data privacy, costs, and ethics? How could my business address these
issues?"
o Objective: Identify key obstacles and outline solutions for handling data privacy, cost
management, and ethical concerns.
7. Draft Your Minimum Viable Product (MVP)
o Prompt for ChatGPT: "How can I create a minimum viable product (MVP) for an AI
business that does [main purpose of your business]? What would be the essential
features to include?"
o Objective: Define the core features of your MVP. Describe what your first, basic
version of the product or service would include to test in the market.
8. Outline a Basic Marketing Plan
o Prompt for ChatGPT: "How can I market an AI-based business in [industry] to reach
[target market]? What are some strategies to attract early customers?"
o Objective: Create a simple marketing plan. Identify channels you would use (e.g.,
social media, email marketing, partnerships) and strategies to attract your first
customers.
9. Present Your Business Concept
o Final Prompt for ChatGPT (optional): "Summarize my AI business idea in a clear,
engaging way for a short presentation. Include the problem it solves, its main
features, and why it’s unique."
o Objective: Prepare a brief presentation of your business idea to share with the class.
Include the problem, solution, target market, key features, challenges, and marketing
plan.
Deliverables:
A clear outline of your AI business idea.
Defined target market and unique value proposition.
A list of key features and technologies.
Identification of potential challenges and solutions.
Description of your MVP and basic marketing strategy.
Short presentation summarizing your business concept.
