Here are 7 methods to use artificial intelligence to make money without working for an employer.

One of the most ground-breaking technologies of our day is artificial intelligence, and you may profit from it. Today, AI is a driving force in every industry as companies use it to stay competitive. Artificial intelligence is advancing the world, from chatbots for effective customer service to employing it for analytics to generate predictive predictions. Because of this, AI is an essential technology. If you work in the IT sector, you must be accustomed to using programming languages, working with various frameworks, creating software for businesses, and creating different types of scripts to exacerbate issues.

However, keep in mind that AI is a crucial component of the IT industry. You may make a living and keep up with current technological developments with the assistance of AI and its various uses. How? Read on.

1. Start an AI business

To lead a company, one must be a problem-solver. Numerous issues, such as global warming, heavy workloads, quicker deliveries, better emergency healthcare, etc., call for better answers. In general, there is always room for improvement. Decide on a problem you want to solve, form a team to brainstorm solutions, identify your target market, develop a plan, present your concept to investors, and then launch your own AI firm to improve the world while making money.

2. Expand the use of machine learning in eCommerce

For better or worse, the COVID-19 pandemic has made internet purchasing for nearly everything the norm rather than the practice of visiting physical establishments. This is the ideal time to employ machine learning and maintain improving the experience because eCommerce buying is popular. Greater visual search, personalization of the service, quicker supply and demand forecasting, improved security systems are all possible. Additionally, you may programme conversational user interfaces and automate customer service procedures.

3. Use chatbots to compete

As soon as you open an eCommerce website, a chatbot will appear on the page. This is due to businesses utilizing chatbots' potential to offer 24/7 customer assistance.

That doesn't mean you can't add to the hype, though. The next advancement is the chatbot as a virtual assistant. NLP can be used to educate the system how to talk because AI is the technology that enables chatbots to mimic human speech during conversation. This is made simpler by pre-built platforms like Microsoft Bot Framework, Botkit, and Dialog Flow.

4. Use AI to leverage your business

AI can help you operate your business more effectively. You can create applications that will streamline your employees' productivity or leverage data from your customers to target their social media feeds with useful things that your company sells. There are various methods to use AI to improve your company's app. For those with poor vision, your software may, for instance, make advantage of speech synthesis.

5. Blogging is still popular today

No, blogging is not extinct; rather, it has taken on new forms like audio and video blogging. You can create a blog to mentor aspiring engineers and developers if you have a talent for comprehending and expressing complicated technological ideas. Identify your strengths first. Then, start creating vlogs, podcasts, or blogs on your own website. Additionally, you can publish a book as well as make and sell online courses. There are numerous options if you want to teach.

6. Create your own app

Create an app to address the same pain point if launching your own business sounds like a huge endeavor that will degrade your mental health. Artificial intelligence is used in almost all apps that deal with services. A straightforward AI-powered app can be created and made profitable by selling advertising space or including a premium membership.

7. Compete and succeed

Programmers can make money by participating in one of the numerous machine learning competitions. Both Numerai and Kaggle are competitions where data scientists can compete to forecast asset prices and provide cash prizes to victors. Programmers can practise before competing in many different machine learning contests.