Episode 130 - Hustle And Humor Series - From Scams to Solutions: How AI is Changing the Game—For Better or Worse

Unpolished MBA

"Hustle & Humor" is a special Summer 2024 series under the Unpolished MBA ® podcast, hosted by seasoned Atlanta-based entrepreneurs Monique Mills and Caitlin Ferguson. We dive into the realities of running a business with candid conversations, insightful advice, and a healthy dose of humor.

-Running from August 6th to September 19th

-Episodes released every Tuesday and Thursday

In this episode, hosts discuss the growing threat of AI scams, particularly targeting seniors, and how small business owners need to stay ahead of the curve to avoid falling victim. The conversation goes into emerging age tech solutions, bipartisan efforts in AI education for small businesses, and practical insights into how AI can both help and harm. With real-life examples, practical advice, and the latest policy developments, this episode offers listeners valuable tools to navigate AI risks and opportunities.

Submit business questions to unpolishedmba.com/hustle

Key Topics Discussed:

AI Scams and Senior Citizens

• The hosts discuss how scammers are using AI tools like voice cloning to target seniors and what families can do to protect their loved ones.
• Mentioned AI safety techniques: Voice verification codes for families.

Age Tech and AI Developments in Atlanta

• Discussion of age tech startups in Atlanta, including My Flock, a solution that helps families manage financial decisions for elderly relatives.
• Link: My Flock. https://www.myflock.io/

Bipartisan Policy on AI for Small Businesses

• Introduction to the "Bipartisan Policy Center" and the Small Business Artificial Intelligence Training and Toolkit Act of 2024 aiming to provide AI training resources to small businesses.
• Link: Bipartisan Policy Center https://bipartisanpolicy.org/

Insurance Solutions for Entrepreneurs

• Introduction to Opolis, a decentralized employment organization (DEO) providing affordable health insurance for freelancers.
• Link: https://opolis.co/

Direct Pay Healthcare

• Discussion of direct pay healthcare models that bypass traditional insurance companies. Mentioned in the episode is Michelle Cooke, a physician leading the way in direct pay. LinkedIn --> https://www.linkedin.com/in/michelle-cooke-md

Notable Quotes:

Monique Mills on AI Risks:

“AI isn’t just a tool for productivity; it’s also a tool for fraud if you’re not careful. Small businesses and seniors are especially vulnerable, and it’s up to us to stay vigilant before it’s too late.”

Caitlin Ferguson on Navigating AI Solutions:

“The knowledge is accessible, but discernment still has to be human. You need to know where AI stops and where your expertise has to step in to make sure it all adds up.”

Become an Unpolished MBA Guest: https://unpolishedmba.com

Follow Monique Mills

LinkedIn: https://www.linkedin.com/in/moniquemills/

Bio Website: https://moniquemills.biz/

TPM Focus - Strategy Firm for Startups and SMBs: https://tpmfocus.com/

Guest Co-Host : Caitlin Ferguson

Founder of CEOF Consulting - https://www.ceofconsulting.com/