On March 16, 2023, China’s Baidu unveiled Ernie Bot, a much-anticipated artificial intelligence platform. Ernie Bot’s release felt rushed in comparison to ChatGPT and GPT-4. The presentation used five pre-recorded sessions rather than a live demo. This caused Baidu’s stock price to fall by 6.4%. Social media was flooded with disappointed reactions. It may be embarrassing for you to work hard, delivering the best outcomes you can. Only to discover that your best effort is insufficient to produce the desired results. However, you must recognise the importance of building your own wealth by owning your assets.
It is critical to maintain a long-term perspective on your work at all times. You begin anyhow, and then keep improving. Your first products and services will be terrible. But here’s the thing: it’s not as important as it sounds. Baidu’s generative AI platform might be nowhere near the capabilities of market leaders like ChatGPT. But the good news is that they will keep working on it. Little by little, it adds up. And one day, they will have a super product. Your first business, job, book or movie will be tough. You will not be able to deliver a perfect result. But you must get started.
Do you remember King Saul discouraged David from fighting Goliath? He argued that, “You are not able to go against this Philistine to fight with him, for you are but a youth, and he has been a man of war from his youth.” (1 Samuel 17:33). That is the mindset that prevents you from starting. King Saul should have encouraged David to take on Goliath so that he could begin to be a champion from a young age. Rather than discouraging him. You must break through this mental barrier. Even if your industry has established global leaders. Try to build out your own ideas.