An entrepreneur's perspective

You won't become wealthy by selling your time.

Even top doctors and lawyers grow their wealth when they transition from selling their expertise by the hour to building a personal brand or larger business.

To build wealth, you should have equity in a company, whether as an early employee, investor, or founder.

News

1. Microsoft New Future of Work Report 2023.
   Microsoft's latest 'Future of Work' Report focuses on AI in the workplace. It shows AI can greatly improve productivity, with 68% of people saying it boosted their work quality. AI helps lower-skilled workers more, but could also increase performance differences. A big issue is people depending too much on AI, even when it's wrong. The way AI blends into work routines is as important as the technology. This matters because understanding AI's effects helps us get ready for its future role in our jobs.
2. Neuralink places first brain chip implant in human.
   Elon Musk announced that Neuralink has successfully put a brain chip in a human for the first time. The patient is doing well after surgery. The chip can detect brain cell activity. Neuralink's first product, 'Telepathy', aims to let paralyzed people control devices with their thoughts. It's being tested on people over 22 with spinal injuries or ALS. This is big news because it's a major step in brain technology, possibly giving new abilities to paralyzed patients and bringing the tech closer to everyday use.
3. Sam Altman: AI will enable a billion dollar solopreneur
   Sam Altman, OpenAI's CEO, said at the 2023 Robin Hood Investors Conference that AI will enable a single person to create a billion-dollar company soon. He has a bet with other tech CEOs on when this will happen. This comes at a time when there are worries about jobs due to automation and many tech layoffs, with around 30,000 job cuts in 2024. Altman recently talked about feeling nostalgic for the present, which hints at his confidence in the future of AI.
   

Tool of the week

Glean is a smart tool that helps businesses manage their bills and payments easily. It does this by automating jobs like pulling out important data, sorting bills, approving them, and making payments. The software makes regular tasks like entering data, organizing finances, and making reports much simpler.

Glean also helps businesses understand how they spend money and where they can save.

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Regards,
Arto Founder/CEO at 10Web.io
https://www.linkedin.com/in/artominasyan/