Hit Me BabyAGI

The week the world changed forever

Unless you are a bit of a geek, you may not have noticed the seismic shift that took place last week in the world of AI.

It started when Yohei Nakajima, a venture capitalist and AI expert decided to open source 105 lines of code on GitHub.

He released BabyAGI

You may be surprised to find that the man instrumental to this monumental shift, can’t program a line of code. The code he released was created by ‘GhostWriter’ an amazing tool running inside a development environment called Replit (this is where I do all of my development).

But I digress.

BabyAGI in essence, is an intelligent task management system that takes an initial task or question such as ‘How do I solve world hunger’ then formats if for GPT-4 and breaks it down into a series of smaller tasks.

This loop is iterated through, breaking tasks down into smaller tasks, each time using the power of GPT-4 to try and solve that problem, and if necessary create additional tasks.

Now this is a very simplified explanation, if you want a more detailed look then go here. Or read Yohei’s Twitter

But what I really wanted to put across is that the release of BabyAGI (Artificial General Intelligence) sparked a bunch of other projects over the last week or so that may in the coming months make significant changes to and impacts on all our lives.

I have taken the open-source code for one of these projects and installed it in my development environment to show you an example of the technology.

I am currently running this on GPT-3.5 because I don’t yet have access to GPT-4 here in the UK, and taking into consideration that GPT-4 is a magnitude of order more intelligent than GPT-3.5, this small example will give you something to think about.

At the bottom of this article, I have linked to a full transcript of the output up until where I stopped it. I have also added a poll, so please take part.

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I ask the AI the following question.

How do I set up a profitable home bread bakery with a small budget of $500?

Here is the output…

Embarking on a new goal: I want to open a small bread bakery from my home. I have a limited budget of $500 how do I do this and make a profit?

Added task: Research low-cost equipment for a home bakery that can fit within the budget of $500.

Added task: Develop a list of recipes for bread that can be made using the equipment and ingredients that fit within the budget.

Added task: Identify potential customers and create a marketing plan to reach them, including setting up a website and social media presence to promote the home bakery.

Executing "Research low-cost equipment for a home bakery that can fit within the budget of $500."

Based on my research, here are some low-cost equipment options that could fit within a budget of $500 for a home bakery:

1. Countertop Convection Oven: A countertop convection oven is an excellent investment for a home bakery as it does not take up too much space, and it's relatively cheap. You can get one from brands like Oster or Breville for under $100.

2. Stand Mixer: A sturdy stand mixer is essential for baking, and there are many affordable options available. You can find a basic model from Hamilton Beach or Sunbeam for under $50, while slightly higher-end models from KitchenAid can go up to $200.

3. Baking Sheets and Pans: A good set of baking sheets and pans are also necessary to have on hand when running a bakery. A set of four or five sheets and pans can be purchased for around $30.

4. Measuring Cups and Spoons: Accurately measuring your ingredients is essential when baking, so a set of measuring cups and spoons is a must-have item. You can find a set for less than $10.

5. Mixing Bowls: A set of mixing bowls is also a great investment, and they come in different sizes to suit your baking needs. A set of three bowls can be purchased for around $20. By investing in these equipment options, you can open a small bread bakery from home within a budget of $500 and increase your chances of making

Added task: Research low-cost ingredients for bread recipes that can fit within the budget of $500.

Executing "Develop a list of recipes for bread that can be made using the equipment and ingredients that fit within the budget."

Based on the objective, the following are the steps to develop a list of recipes for bread that can be made using the equipment and ingredients that fit within the budget:

1. Determine the necessary equipment and supplies - Mixing bowl - Measuring cups and spoons - Baking pans - Oven - Flour - Yeast - Salt - Water - Sugar

2. Develop the list of bread recipes that can be made using the equipment and supplies within the budget: - White bread - Wheat bread - Honey wheat bread - Cinnamon raisin bread - Garlic bread - Dinner rolls - French bread

3. Determine the cost of ingredients for each recipe - White bread: $0.50 per loaf - Wheat bread: $0.75 per loaf - Honey wheat bread: $1.00 per loaf - Cinnamon raisin bread: $1.25 per loaf - Garlic bread: $1.00 per loaf - Dinner rolls: $0.10 per roll - French bread: $0.75 per loaf

4. Determine the selling price for each bread product to make a profit - White bread: $1.50 per loaf - Wheat bread: $2.00 per loaf - Honey wheat bread: $2.50 per loaf - Cinnamon raisin bread: $3.00 per loaf - Garlic bread: $2.50 per loaf - Dinner rolls

Added task: Research local markets and customer demographics to determine potential demand and price points for bakery products.

Added task: Create a detailed cost analysis to ensure that the selling prices of the bread products will cover all necessary expenses and provide a profit.

Added task: Develop a marketing strategy to promote the home bakery, including setting up a website and social media presence, creating flyers and business cards, and reaching out to potential customers through local events and markets.

Executing "Identify potential customers and create a marketing plan to reach them, including setting up a website and social media presence to promote the home bakery."

Based on your objective of opening a small bread bakery with a limited budget of $500, here is your marketing plan to reach potential customers and promote your home bakery:

1. Identify your target customers: You can start by identifying potential customers in your local area who are likely to be interested in freshly baked bread. This could include health-conscious individuals, foodies, and people who appreciate artisanal baked goods.

2. Create a website: Setting up a website is an affordable way to promote your business and reach more customers. You can create a simple website using a platform like Wix or Squarespace and showcase your baked goods, prices, and contact information. You could also include testimonials from satisfied customers.

3. Establish social media presence: Social media is a powerful tool for promoting your business and building a following. You can create pages on Facebook and Instagram and post photos of your baked goods, promotions, and updates about your business. You could also engage with potential customers by responding to comments and messages.

4. Offer discounts and promotions: To attract new customers and build loyalty, consider offering discounts or special promotions. For example, you could offer a discount to first-time customers, or a loyalty program that rewards customers for frequent purchases. By implementing these strategies, you can effectively promote your home bakery and reach potential customers, creating a profitable business with your limited budget. Good luck!

Added task: Research low-cost ingredients for bread recipes that can fit within the budget of $500.

Added task: Research local markets and customer demographics to determine potential demand and price points for bakery products.

Added task: Create a detailed cost analysis to ensure that the selling prices of the bread products will cover all necessary expenses and provide a profit.

Executing "Research low-cost ingredients for bread recipes that can fit within the budget of $500."

After conducting research, I suggest the following low-cost ingredients for bread recipes that can fit within the budget of $500:

1. Flour: A 50 lb. bag of flour costs around $20 and can make up to 400 loaves of bread.

2. Yeast: A 1 lb. package of yeast costs around $5 and can make up to 96 loaves of bread.

3. Sugar: A 5 lb. bag of sugar costs around $4 and can make up to 80 loaves of bread.

4. Salt: A 4 lb. bag of salt costs around $2 and can make up to 200 loaves of bread.

5. Oil: A 1 gallon container of oil costs around $15 and can make up to 128 loaves of bread.

By using these ingredients, you should be able to produce about 400 loaves of bread at a cost of approximately $0.44 per loaf. To sell your bread, you can consider setting up a small bakery at your home or selling your bread at local farmers' markets, food fairs, or online through social media. With a selling price of $2.50 per loaf, you could potentially make a profit of around $900 - $1,000, depending on your sales volume.

Added task: Develop a comprehensive business plan for the home bakery, including projected sales and expenses, target markets and customer demographics, and strategies for growth and expansion.

Added task: Research local regulations and laws regarding home-based bakeries, including health and safety requirements and any necessary permits or licenses.

Added task: Explore alternative sources of funding or financing, such as small business loans or crowdfunding, to increase your budget and expand your business operations.

Executing "Research local markets and customer demographics to determine potential demand and price points for bakery products."

Based on my research, opening a small bread bakery from home can be a profitable venture with the right planning and execution. Here are some steps to consider with a limited budget of $500:

1. Determine your niche: Research the local markets and customer demographics to identify what kind of bakery products are in demand and at what price points. This will help you narrow down your niche and decide what kind of products you will bake and sell.

2. Develop a budget: Allocate your budget to cover the startup costs of buying baking supplies, packaging, and equipment. You should also consider the cost of marketing your products to attract customers.

3. Obtain permits and licenses: Check with your local government to find out if there are any permits or licenses required to operate a home-based bakery in your area.

4. Set up a workspace: Designate a space in your home to use as a workspace for baking and packaging your products. This space should be clean, well-organized, and separate from your living area.

5. Develop a marketing strategy: Use social media platforms and local advertising to promote your bakery products to potential customers. By following these steps, you can open a small bread bakery from home with limited capital and start making a profit. Good luck!

Added task: Research low-cost ingredients for bread recipes that can fit within the budget of $500.

Executing "Create a detailed cost analysis to ensure that the selling prices of the bread products will cover all necessary expenses and provide a profit."

Task Execution: Based on your objective of opening a small bread bakery from your home with a limited budget of $500, I suggest the following cost analysis to ensure that your selling prices cover all necessary expenses and provide a profit.

1. Cost of Ingredients: The cost of ingredients will depend on the type of bread you plan to bake. Research the cost of flour, yeast, sugar, salt, and other necessary ingredients to make your bread. Based on your research, estimate the cost of ingredients per loaf or batch.

2. Equipment Costs: Since you will be baking bread from home, you will need basic equipment such as an oven, mixing bowls, measuring cups, and spoons. Review local stores for equipment or look for online discounts that fit your budget.

3. Packaging Costs: Packaging materials are necessary to ensure that your bread is presented well, and it stays fresh. You could purchase plastic wraps or paper bags to package your bread. Research the costs of packaging materials and decide on a cost per unit.

4. Labor Costs: Since you will be operating from home, you should not incur any significant labor costs. However, it is vital to determine the value of your time by identifying the number of hours spent baking, packaging, and selling your bread.

5. Marketing Costs: Marketing is essential to spread the word about your bread bakery. Consider making social media accounts to promote your business or reaching out to local publications for advertising opportunities. Based on the above cost analysis, you should track your expenses

Added task: Develop a marketing strategy to promote the home bakery, including setting up a website and social media presence, creating flyers and business cards, and reaching out to potential customers through local events and markets.

Added task: Research low-cost ingredients for bread recipes that can fit within the budget of $500.

Added task: Research local markets and customer demographics to determine potential demand and price points for bakery products.

Added task: Develop a comprehensive business plan for the home bakery, including projected sales and expenses, target markets and customer demographics, and strategies for growth and expansion.

Added task: Research local regulations and laws regarding home-based bakeries, including health and safety requirements and any necessary permits or licenses.

Added task: Explore alternative sources of funding or financing, such as small business loans or crowdfunding, to increase your budget and expand your business operations.

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You can read the rest of the transcript here.

As you will see, it comes up with a lot of good tasks, and whilst it can get a bit repetitive that is mainly due to the fact that I am running this on GPT-3.5

If you would like to try this out for yourself I will be giving access to the AI Agent to paid members of The Raine Report in the next few days. Please consider becoming a paid member, it is just $7 a month for access to a lot more content, back issues of The Raine Report, and additional reports and goodies like this.

Once again, if you liked this article then please click on the 🤍 and hit the share below. Look out for the next post which instead of Ask Me Anything Wednesday will be Ask My AI Anything…