Are you limiting yourself from success? If you think that you are only capable of living an average life, then that’s what you will experience.
But if you believe that you can do anything, from creating Artificial Intelligence systems to climbing Mount Everest, through hard work and determination, you can achieve it.
Lomit Patel is yet another perfect example of how the American Dream is possible for any who wish to achieve it.
After immigrating to the USA with little money as a grad student, he spent a few years struggling, living below his means, and couch surfing.
Despite struggling with homelessness, Lomit Patel made strides with his Artificial Intelligence pursuit.
After years of persistence and determination, he finally managed to streamline automation through Artificial Intelligence at early-stage startups including Roku (IPO), TrustedID (acquired by Equifax), Texture (acquired. by Apple), and EarthLink.
Today, Lomit is the Vice President of Growth at IMVU, which is the world’s largest avatar-based social networking app, a public speaker, advisor, recognized as a Mobile Hero by Liftoff, and bestselling author of “Lean AI”, which is based on how innovative startups can use artificial intelligence to grow significantly faster.
On this episode of the Rock Your Money, Rock Your Life podcast, Lomit and I discuss whether or not our phones are really listening to us, what it was like being an immigrant and achieving a high level of success, and what is up and coming in the online world.
What You’ll Learn from this Episode:
- What Artificial Intelligence actually is
- How Artificial Intelligence can streamline your business
- Tips on how beginners can start implementing A.I. technology
- And much more!
“Life is about adding value.”
Topics Covered:
00:00 – Intro to Lomit
01:40 – Artificial Intelligence
08:33 – Lean AI – How Innovative Startups Use Artificial Intelligence To Grow
11:08 – Achieving success as an immigrant
15:30 – Diversifying wealth
19:50 – How to use AI in your business
23:08 – The online world
26:35 – Are our cellphones actually listening to us?
28:48 – Are you utilizing your data?
32:00 – “I am highly favored.”
Key Takeaways
“In this day and age, lots of businesses have access to a lot of data, but data by itself doesn’t provide any value unless you’re able to extract insights on what that data really means.” – Lomit Patel
“The big challenge with any business is resources and time, and as a small business, the scarcity is really where the creativity starts coming out.” – Lomit Patel
“Being an immigrant is a kind of two-edged sword, you can either look at it as being a setback or you can look at it as being an opportunity.” – Lomit Patel
“With any business, the starting point is focusing on who their customers are.” – Lomit Patel
