BRiN aims to build first AI business advisor
A newly launched smartphone app aims to provide users with free, on-demand business advice, and has grand plans of becoming the first artificial intelligence-based business advisor.
BRiN provides access to a video and audio library of expert input from major advisors covering 80 topics.
At launch the app has around 500 videos available, and the company aims to expand this to over 1000 by the end of the year.
The BRiN team, led by founder and CEO Dale Beaumont, also plans to spend the next 12 months developing thousands of business conversations using computer logic or simulated AI. The goal of this research is to create the world’s first AI business advisor.
“Our goal is to make business education free and accessible to millions of people around the world that own their own small business or are planning to start one soon,” Beaumont said.
“There are 500 million business owners on the planet but sadly 1 in 10 fail every year. Given the scale of the problem we realised conventional business models based on one-to-one coaching, meet-ups or live events weren’t going to cut it. And that’s when the idea of BRiN was born.”
He said over 3000 users have signed up for the service within the first seven days of launch. BRiN aims to attract 1 million business owners within the next 12–18 months, after which the company will introduce monetisation including video ads, in-app purchases and a premium subscription service.
Software industry body BSA has negotiated a $160,000 settlement with a Sydney and Perth based...
The 11 initial recommendations for regulatory reform cover eight areas, including items such as...
Facebook could be doomed to fail unless it can effectively respond to the fallout over fake news...