14 AI Startup Business Ideas for 2024


1. Terms-of-Service Summarization Plugin

Create a Chrome browser plugin that will summarize the key details of a privacy policy or “terms of service” agreement in a single paragraph. The plugin could be monetized by charging a small one-time fee for it (e.g. $2) or it could be used as a customer acquisition tool for other consumer legal-tech tools.

2. AI Newsletter

Create an email newsletter that covers some aspect of AI developments. There is already something of a gold-rush to create AI newsletters, with some of the most successful ones shown in the table below.

NewsletterTarget AudienceNumber of Subscribers
Ben’s BitesSoftware Engineers80,000+
SuperhumanSoftware Engineers150,000+
AI ValleyTech workers50,000+
The RundownTech workers100,000+
The AI ExchangeTechy Professionals25,000+

In other words, there are more than enough AI newsletters for tech workers.

You know what there isn’t enough of?

Niche, industry-specific newsletters which aren’t AI-only newsletters but rather newsletters which discuss AI developments that are relevant to a people in a particular industry or job role. For example:

  1. Entrepreneurial dentists (There are over 124,000 dentist businesses in the U.S.)
  2. Entrepreneurial doctors (over 157,000 doctor’s office companies in the U.S.)
  3. Entrepreneurial veterinarians (roughly 28,000 veterinarian businesses in the U.S.)
  4. Lawyers (There are over 161,000 law firms in the U.S. with a collective payroll of $110 billion)
  5. Insurance Agents (over 122,000 insurance agencies and brokerages in the U.S.)
  6. Real estate agents (roughly 121,000 real estate agencies and brokerages)
  7. Management consultants (over 80,000 companies in this niche)
  8. Accountants (over 114,000 accounting, tax prep, bookkeeping, CPA, and payroll companies)
  9. Landlords
  10. Airbnb hosts
  11. Residential property managers (over 38,000 companies)
  12. Convenience store owners (roughly 84,000 businesses)
  13. Grocery store owners & managers (over 66,000 businesses)
  14. Freight brokers (roughly 15,000 businesses with collective payroll over $18 billion)

If you want more ideas, check out this list of 105 high-value business niches.

3. Industry-specific YouTube channel about AI

I just talked about how to create an email newsletter about AI for various niches. You can pursue essentially the same strategy to create a YouTube channel instead.

4. Property management for independent landlords

A significant proportion of a property manager‘s workload is messaging — messaging tenants, messaging contractors, messaging handymen. The majority of that messaging can be automated with a tool like GPT-4.

There is an opportunity to create a tool that allows property managers and/or independent landlords to do exactly that. And this opportunity is sizable. There are over 38,000 residential property management companies that pay out over $22 billion in annual payroll.

5. Airbnb messaging

As just mentioned, messaging is a significant part of the workload of a residential property manager. For an Airbnb host, there is even more messaging work involved. There is an opportunity to either create a software tool that automates the majority of Airbnb messaging for hosts OR to offer full-service Airbnb management and use AI messaging internally to decrease your costs (and increase your margins).

6. WWJD-GPT

What would Jesus do? Ask WWJD-GPT!

7. Automated phone system

Many solopreneurs and small business owners do not have the bandwidth to man their phone 24/7 (or even 8/7). Landscapers are a great example of this. Most landscaping companies are 1-man businesses, and those men can’t open their phones when they are mowing grass or trimming hedges. That means there is an opportunity to pipe together a tool like GPT-4 with voice-to-text and text-to-voice models in order to create an automated phone system that can take customer and potential customer calls.

8. Insurance claims adjustment & investigation

There are over 285,000 people who work as insurance claims adjusters, examiners, and investigators in the U.S. The average annual wage is over $73,000 which means insurance companies pay out roughly $21 billion each year for this work. However, a significant amount of this work is done remotely and is amenable to automation using large language models and image analysis AI tools.

9. Software development agency arbitrage

There are over 60,000 businesses under the classification of “custom computer programming service businesses” (NAICS 54151) in the U.S. These businesses pay out over $96 billion in payroll annually, so there is a large opportunity here.

10. Automated Email Customer Support

Many businesses have an email account for customer support. Build an AI tool which can automate this (at least partly — even if 20% of customer support cases have to get elevated to a human, that’s an 80% reduction in customer support workload).

11. AI Textbot Therapist

Have GPT-4 act as a therapist and provide it as a phone number that people can text an unlimited number of times for a monthly subscription.

12. YouTube Thumbnail Generator

Build an AI tool that can analyze a video and automatically produce an amazing, high-performing thumbnail.

13. End-to-End AI-Generated YouTube Channel

Create a YouTube channel that is entirely automated:

  • Recurring and automatic generation of video ideas based on scraping news and other articles and related automated research processes conducted by GPT-4.
  • Generate a video script using GPT-4.
  • Produce an audio track from the script using a tool like Eleven Labs.
  • Automated selection and sequencing of stock video clips relevant to different segments of the audio track. Once AI text-to-video tools progress far enough, stock video clip selection can be fully or partially replaced by AI video generation.
  • Automatic Thumbnail generation.
  • Automatic video description generation.
  • Automatic upload of video, thumbnail, and description to YouTube.

When selecting a niche for this YouTube channel, you don’t want niches which rely heavily on visuals. That means no tutorials and no Charisma-on-Command-style video analyses. On the other hand, Top-N lists and explanations of concept topics like economics and history could work well.

Channel Ideas

  1. Human geography (how different geographic regions affect and are affected by humans). For example, videos on how the Nile delta affected early human development, how technology developed on remote Pacific islands, or how the availability of various mineral ores affected the rate of industrial development in different countries.
  2. Investopedia. Make a channel that has lots of short videos explaining various finance topics. Investopedia’s YouTube channel currently does not have as much topic coverage as the Investopedia website.
  3. Finance & economics daily news.
  4. Astronomy & astrophysics.
  5. Space exploration & tech.
  6. Ocean science & technology.
  7. Oceans (maritime law, trade routes, listicles of biggest/best ships, ocean history stories, ocean aquaculture, ocean mining, naval warfare & geopolitics).
  8. Collecting money (the history of money, coin collecting, ancient bill collecting, different monetary systems, etc).
  9. Sports history & facts (this can be niched down for American football, baseball, soccer, tennis, golf, pickleball, swimming, track and field, or any other sport).
  10. Bladed weapons (e.g. history, science, smithing, and sports related to swords, knives, and other bladed weapons).
  11. Precious gems (e.g. cultural history, values, mining, geopolitics, cuts, industry, etc).
  12. Scary stories. This can be a general scary story channel or can be niched down (e.g. stories about side effects of medicines, legends about lake monsters, stories about innocent people being sent to prison, etc).
  13. Bible verses & stories.
  14. History of clothing.
  15. Philosophy.
  16. Gossip about politicians.
  17. Weird laws.
  18. Human futurism (news & concept explanations about cybernetics, genetic engineering, epigenetics, life extension, etc).
  19. Geopolitics (concepts & news).
  20. Neuroscience.
  21. Etymology.
  22. The history of brands. Tell the stories of how brands were built.

It may be best to target long-tail YouTube search traffic where there is little competition so that viewers will tolerate a lackluster synthetic voice.

14. SaaS product to help people launch AI YouTube channels

Instead of launching an end-to-end AI generated YouTube channel yourself, you could create a SaaS product that allows others to create such channels.

The person specifies the niche and follows a simple user journey to design a YouTube brand at a high level (colors, voice accent, etc). They may also specify the list of sources to check for new articles to use as content inspiration. The software then sets up an automation pipeline that will scrape the sources on a periodic basis for new content, decide which articles to use, scrape them, process them through a large language model into a video script, match up the video script with images and video clips (stock clips and AI generated clips), and then output an entire video. The software will then generate a thumbnail and will post the video to YouTube with an LLM-generated description.

Ricky Nave

In college, Ricky studied physics & math, won a prestigious research competition hosted by Oak Ridge National Laboratory, started several small businesses including an energy chewing gum business and a computer repair business, and graduated with a thesis in algebraic topology. After graduating, Ricky attended grad school at Duke University in the mathematics PhD program where he worked on quantum algorithms & non-Euclidean geometry models for flexible proteins. He also worked in cybersecurity at Los Alamos during this time before eventually dropping out of grad school to join a startup working on formal semantic modeling for legal documents. Finally, he left that startup to start his own in the finance & crypto space. Now, he helps entrepreneurs pay less capital gains tax.

Recent Posts